Egypt: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Egypt

The Egyptian fire extinguisher market plummeted to $X in 2022, falling by -72.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Fire Extinguisher Exports

Exports from Egypt

In 2022, after four years of growth, there was significant decline in shipments abroad of fire extinguishers, when their volume decreased by -51.2% to X units. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 176% against the previous year. The exports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, fire extinguisher exports fell significantly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 109% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Germany (X units) was the main destination for fire extinguisher exports from Egypt, with a 361% share of total exports. Moreover, fire extinguisher exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +39.9%.

In value terms, Germany ($X) and Saudi Arabia ($X) were the largest markets for fire extinguisher exported from Egypt worldwide.

Saudi Arabia, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average fire extinguisher export price stood at $X per unit in 2022, with a decrease of -25.7% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 a decrease of -12.9% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.7%).

Fire Extinguisher Imports

Imports into Egypt

In 2022, approx. X units of fire extinguishers were imported into Egypt; shrinking by -73.8% on the previous year's figure. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2020 when imports increased by 415%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, fire extinguisher imports reduced markedly to $X in 2022. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 62% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of fire extinguisher to Egypt, accounting for a 89% share of total imports. Moreover, fire extinguisher imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was taken by China (X units), with a 37% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.9% per year) and China (+8.4% per year).

In value terms, the UK ($X) constituted the largest supplier of fire extinguishers to Egypt, comprising 39% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.7% per year) and China (+8.3% per year).

Import Prices by Country

In 2022, the average fire extinguisher import price amounted to $X per unit, increasing by 156% against the previous year. Overall, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 342%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) and Cyprus ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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