From 2013 to 2023, Indonesia's fire extinguisher import market has exhibited significant variability. The value in 2023 stood at USD 3.99 million. The market experienced notable fluctuations, with peak growth in 2013 at 21.72% and a sharp decline in 2014 at -49.37%. Over the past five years, the compound annual growth rate (CAGR) was -0.64%, indicating slight negative growth. However, the last two years have shown a positive trend, with a 6.57% increase in 2022 and a 1.2% rise in 2023.
Looking ahead, the forecasted CAGR over the next five years (2024-2028) is expected to be 0.96%, implying modest growth. The anticipated import value is projected to rise to USD 4.2253 million by 2028, reflecting a total growth rate of 4.9% from 2023 levels.
Future trends to watch include potential regulatory changes, evolving safety standards, and technological advancements in fire safety equipment, which may influence import volumes. Additionally, economic conditions and policy decisions could significantly impact future import trends.
