Cote d'Ivoire: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in the Cote d'Ivoire's fire extinguisher market, when its value decreased by -23.8% to $X. In general, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X, and then declined remarkably in the following year.

Fire Extinguisher Exports

Exports from Cote d'Ivoire

In 2022, the amount of fire extinguishers exported from Cote d'Ivoire skyrocketed to X units, increasing by 50% against the year before. Overall, exports saw strong growth. The growth pace was the most rapid in 2017 with an increase of 4,017% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, fire extinguisher exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 1,910% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mauritania (X units) was the main destination for fire extinguisher exports from Cote d'Ivoire, with a 42% share of total exports. Moreover, fire extinguisher exports to Mauritania exceeded the volume sent to the second major destination, Burkina Faso (X units), twofold. Niger (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritania stood at +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burkina Faso (+43.5% per year) and Niger (+21.8% per year).

In value terms, Mauritania ($X) remains the key foreign market for fire extinguishers exports from Cote d'Ivoire, comprising 86% of total exports. The second position in the ranking was held by Niger ($X), with a 2.5% share of total exports. It was followed by Burkina Faso, with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mauritania stood at +63.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Niger (-2.5% per year) and Burkina Faso (+21.8% per year).

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, declining by -2.7% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Sierra Leone ($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 Mauritania (+15.5%), while the prices for the other major destinations experienced a decline.

Fire Extinguisher Imports

Imports into Cote d'Ivoire

After three years of growth, overseas purchases of fire extinguishers decreased by -23.1% to X units in 2022. In general, imports, however, saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, fire extinguisher imports dropped sharply to $X in 2022. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2021 with an increase of 90% against the previous year. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2022, France (X units) constituted the largest fire extinguisher supplier to Cote d'Ivoire, with a 46% share of total imports. Moreover, fire extinguisher imports from France exceeded the figures recorded by the second-largest supplier, Denmark (X units), threefold. The third position in this ranking was taken by Senegal (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+13.6% per year) and Senegal (+120.7% per year).

In value terms, France ($X) constituted the largest supplier of fire extinguishers to Cote d'Ivoire, comprising 50% of total imports. The second position in the ranking was taken by Senegal ($X), with a 17% share of total imports. It was followed by Denmark, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Senegal (+125.1% per year) and Denmark (+11.8% per year).

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, remaining constant against the previous year. In general, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 11%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform