In 2023, the import of fire extinguishers to Vietnam stood at 37 million US dollars. The forecast for the subsequent years shows a steady increase, reaching 38.707 million in 2024, 40.089 million in 2025, 41.444 million in 2026, 42.772 million in 2027, and 44.074 million in 2028. The year-on-year growth from 2024 to 2025 is approximately 3.6%, from 2025 to 2026 is around 3.4%, and from 2026 to 2027 and 2027 to 2028, both are approximately 3.2%. The compound annual growth rate (CAGR) over this five-year period is estimated to be around 3.2%.

Future trends to watch for:

Increased focus on fire safety regulations in Vietnam, which could drive higher demand for fire extinguishers.
Technological advancements in fire extinguisher production that may result in more efficient and cost-effective imports.
Potential economic fluctuations and their impact on the import market of safety equipment.