Western Africa: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Western Africa

In 2022, the West African fire extinguisher market decreased by X% to $X, falling for the second year in a row after six years of growth. In general, consumption recorded a remarkable increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fire Extinguisher Production in Western Africa

In value terms, fire extinguisher production dropped to $X in 2022 estimated in export price. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fire Extinguisher Exports

Exports in Western Africa

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, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fire extinguisher exports soared to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units) and Ghana (X units) prevails in exports structure, together making up X% of total exports. Mali (X units), Niger (X units), Senegal (X units) and Sierra Leone (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Niger (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

In Cote d'Ivoire, fire extinguisher exports increased 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

In 2022, the export price in Western Africa amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Western Africa

In 2022, imports of fire extinguishers in Western Africa amounted to X units, almost unchanged from 2021. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fire extinguisher imports dropped remarkably to $X in 2022. Overall, imports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Ghana (X units) represented the main importer of fire extinguishers, achieving X% of total imports. It was distantly followed by Cabo Verde (X units), creating 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) held a minor share of total imports.

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 Western Africa, 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. While the share of Ghana (X p.p.), Cabo Verde (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Niger (X p.p.), Burkina Faso (X p.p.) and Nigeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Guinea, Senegal, Niger, Burkina Faso and Cabo Verde lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cabo Verde, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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

Frequently Asked Questions (FAQ) :