ECOWAS: Fire-Fighting Vehicle Market 2024

Fire-Fighting Vehicle Market Size in ECOWAS

In 2022, the ECOWAS fire-fighting vehicle market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Fire-Fighting Vehicle Production in ECOWAS

In value terms, fire-fighting vehicle production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Fire-Fighting Vehicle Exports

Exports in ECOWAS

In 2022, the amount of fire-fighting vehicles exported in ECOWAS declined notably to X units, waning by X% on the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fire-fighting vehicle exports reduced to $X in 2022. In general, exports, however, showed a strong increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) represented roughly X% of total exports in 2022.

Cote d'Ivoire was also the fastest-growing in terms of the fire-fighting vehicles exports, with a CAGR of X% from 2012 to 2022. Cote d'Ivoire (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) also remains the largest fire-fighting vehicle supplier in ECOWAS.

In Cote d'Ivoire, fire-fighting vehicle exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Fire-Fighting Vehicle Imports

Imports in ECOWAS

In 2022, supplies from abroad of fire-fighting vehicles was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, fire-fighting vehicle imports surged to $X in 2022. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Nigeria represented the major importing country with an import of about X units, which recorded X% of total imports. Burkina Faso (X units) held the second position in the ranking, followed by Guinea (X units), Senegal (X units), Ghana (X units), Mali (X units) and Niger (X units). All these countries together took approx. X% share of total imports. Cote d'Ivoire (X units), Cabo Verde (X units), Gambia (X units), Sierra Leone (X units), Liberia (X units) and Guinea-Bissau (X units) held a minor share of total imports.

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

In value terms, Nigeria ($X) constitutes the largest market for imported fire-fighting vehicles in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with an X% share of total imports. It was followed by Ghana, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria stood at X%. In the other countries, the average annual rates were as follows: Senegal (X% per year) and Ghana (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price posted a strong increase. The growth pace was the most rapid in 2013 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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 Senegal ($X per unit), while Guinea-Bissau ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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