Kenya: Fire Extinguisher Market 2024

Fire Extinguisher Market Size in Kenya

In 2022, the Kenyan fire extinguisher market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Fire Extinguisher Exports

Exports from Kenya

After two years of growth, overseas shipments of fire extinguishers decreased by -24.7% to X units in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 141% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fire extinguisher exports contracted to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 466% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burundi (X units), Democratic Republic of the Congo (X units) and Somalia (X units) were the main destinations of fire extinguisher exports from Kenya.

From 2012 to 2022, the biggest increases were recorded for Burundi (with a CAGR of +40.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Somalia ($X) remains the key foreign market for fire extinguishers exports from Kenya, comprising 33% of total exports. The second position in the ranking was taken by Burundi ($X), with a 12% share of total exports. It was followed by Democratic Republic of the Congo, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Somalia totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+29.2% per year) and Democratic Republic of the Congo (+19.1% per year).

Export Prices by Country

In 2022, the average fire extinguisher export price amounted to $X per unit, growing by 22% 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 when the average export price increased by 135%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Burundi ($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 Rwanda (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fire Extinguisher Imports

Imports into Kenya

In 2022, purchases abroad of fire extinguishers 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 recorded resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 199%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, fire extinguisher imports reduced slightly to $X in 2022. Overall, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.3% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 50%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of fire extinguisher to Kenya, with a 74% share of total imports. Moreover, fire extinguisher imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.6% per year) and the UK (+15.1% per year).

In value terms, the largest fire extinguisher suppliers to Kenya were China ($X), the UK ($X) and the United Arab Emirates ($X), with a combined 73% share of total imports. India and Malaysia lagged somewhat behind, together accounting for a further 9.4%.

India, with a CAGR of +84.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fire extinguisher import price stood at $X per unit in 2022, dropping by -9% against the previous year. Overall, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2014 when the average import price increased by 49%. As a result, import price attained the peak level of $X per unit. From 2015 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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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