Africa: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2024

Market Size for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Africa

The African market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) expanded to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) in Africa

In value terms, LCD or LED indicator panel production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

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Exports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Exports in Africa

LCD or LED indicator panel exports shrank to X units in 2022, dropping by X% on the previous year's figure. Overall, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, LCD or LED indicator panel exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Tunisia represented the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Morocco (X units), achieving a X% share of total exports. Algeria (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to LCD or LED indicator panel exports from Tunisia stood at X%. At the same time, Algeria (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tunisia, Morocco and Algeria increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tunisia ($X) remains the largest LCD or LED indicator panel supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Tunisia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Algeria (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2013 an increase of X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 Algeria ($X per unit), while Morocco ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced a decline in the export price figures.

Imports of Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD)

Imports in Africa

In 2022, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, LCD or LED indicator panel imports skyrocketed to $X in 2022. Over the period under review, imports saw a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Tunisia represented the largest importer of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Africa, with the volume of imports finishing at X units, which was near X% of total imports in 2022. Morocco (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Africa (X%), Nigeria (X%), Ethiopia (X%) and Angola (X%). Zimbabwe (X units), Rwanda (X units), Zambia (X units), Cote d'Ivoire (X units), Mauritius (X units), Togo (X units) and Senegal (X units) held a relatively small share of total imports.

Imports into Tunisia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Rwanda (X%), Cote d'Ivoire (X%), Mauritius (X%), Zimbabwe (X%), Nigeria (X%), Togo (X%), Ethiopia (X%), Morocco (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), South Africa (X%) and Angola (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), Ethiopia (X p.p.), Morocco (X p.p.), Rwanda (X p.p.), Zimbabwe (X p.p.), Cote d'Ivoire (X p.p.), Mauritius (X p.p.) and Togo (X p.p.) significantly strengthened its position in terms of the total imports, while South Africa, Angola and Tunisia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X), Tunisia ($X) and Ethiopia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Morocco, Nigeria, Mauritius, Angola, Cote d'Ivoire, Zimbabwe, Zambia, Togo, Senegal and Rwanda lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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