Cameroon: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Cameroon

In 2022, after four years of growth, there was decline in the Cameroonian fire extinguisher market, when its value decreased by -1.3% to $X. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +84.3% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Fire Extinguisher Exports

Exports from Cameroon

In 2022, after three years of growth, there was significant decline in overseas shipments of fire extinguishers, when their volume decreased by -39% to X units. In general, exports saw a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 562%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, fire extinguisher exports dropped markedly to $X in 2022. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 206%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Equatorial Guinea (X units) was the main destination for fire extinguisher exports from Cameroon, with a 71% share of total exports. Moreover, fire extinguisher exports to Equatorial Guinea exceeded the volume sent to the second major destination, Central African Republic (X units), fourfold. The third position in this ranking was held by India (X units), with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Equatorial Guinea stood at -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Central African Republic (+14.9% per year) and India (0.0% per year).

In value terms, Equatorial Guinea ($X) remains the key foreign market for fire extinguishers exports from Cameroon, comprising 82% of total exports. The second position in the ranking was held by Chad ($X), with an 8.4% share of total exports. It was followed by India, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Equatorial Guinea stood at -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chad (-26.6% per year) and India (0.0% per year).

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, increasing by 8.7% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2013 an increase of 102% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chad ($X per unit), while the average price for exports to Central African Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chad (+16.5%), while the prices for the other major destinations experienced a decline.

Fire Extinguisher Imports

Imports into Cameroon

In 2022, approx. X units of fire extinguishers were imported into Cameroon; increasing by 7.2% against the year before. Overall, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 43%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fire extinguisher imports dropped to $X in 2022. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 127% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of fire extinguisher to Cameroon, accounting for a 148% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Greece (X units) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.3% per year) and Greece (+19.4% per year).

In value terms, China ($X) constituted the largest supplier of fire extinguishers to Cameroon, comprising 53% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Greece, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.0% per year) and Greece (+1.7% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, waning by -13.5% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fire extinguisher import price increased by +15.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 75% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform