ECOWAS: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in ECOWAS

In 2022, the ECOWAS fire extinguisher market decreased by X% to $X, falling for the second consecutive year after six years of growth. Over the period under review, consumption posted a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in ECOWAS

In value terms, fire extinguisher production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production posted a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Fire Extinguisher Exports

Exports in ECOWAS

In 2022, overseas shipments of fire extinguishers were finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fire extinguisher exports soared to $X in 2022. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) and Ghana (X units) dominates exports structure, together creating X% of total exports. Mali (X units), Niger (X units), Senegal (X units) and Sierra Leone (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Niger (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) emerged as the largest fire extinguisher supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Ghana ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Cote d'Ivoire, fire extinguisher exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ghana (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced more modest paces of growth.

Fire Extinguisher Imports

Imports in ECOWAS

Fire extinguisher imports rose to X units in 2022, growing by X% on the previous year's figure. Overall, imports showed a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports shrank rapidly to $X in 2022. Over the period under review, imports, however, saw a slight slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X units) was the largest importer of fire extinguishers, achieving X% of total imports. It was distantly followed by Cabo Verde (X units), mixing up a X% share of total imports. Nigeria (X units), Niger (X units), Guinea (X units), Burkina Faso (X units), Senegal (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fire extinguisher imports into Ghana stood at X%. At the same time, Cabo Verde (X%), Guinea (X%), Senegal (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Cabo Verde emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Niger experienced a relatively flat trend pattern. By contrast, Burkina Faso (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ghana, Cabo Verde and Guinea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fire extinguisher importing markets in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), with a combined X% share of total imports. Guinea, Senegal, Niger, Burkina Faso and Cabo Verde lagged somewhat behind, together accounting for a further X%.

Cabo Verde, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a deep setback. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Cabo Verde ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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