The European export of preparations and charges for fire-extinguishers saw significant fluctuations over the past decade. Between 2014 and 2016, exports grew dramatically, highlighted by a 70.61% year-on-year increase in 2016. Post-2018, the market faced a decline, with notable drops of 37.59% and 6.58% in 2019 and 2020, respectively. However, recovery began in 2021, with stable, moderate growth observed up to 2023, culminating in a 5.97% increase year-on-year. As of 2023, the export volume stood at 54.182 million kilograms. The 5-year CAGR ending in 2023 was -6.77%, reflecting the earlier market contractions.
Looking ahead, the forecast data suggests a continued gradual recovery in the sector. Exports are expected to grow steadily from 2024 to 2028, with a forecasted 5-year CAGR of 3.82% and an overall growth rate of 20.62%. Future trends to watch for include the impact of stricter fire safety regulations, technological advancements in fire suppression systems, and evolving market dynamics influenced by economic conditions and industrial demand.
