Africa: Illuminated Sign Market 2024

Illuminated Sign Market Size in Africa

In 2021, the African illuminated sign market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Illuminated Sign Production in Africa

In value terms, illuminated sign production expanded markedly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Illuminated Sign Exports

Exports in Africa

In 2021, overseas shipments of illuminated signs and illuminated name-plates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable slump. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, illuminated sign exports soared to $X in 2021. Over the period under review, exports, however, saw a mild curtailment. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the key exporting country with an export of around X tons, which amounted to 50% of total exports. Tunisia (X tons) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Kenya (11%). Morocco (X tons) and Senegal (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +36.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Tunisia ($X) and Kenya ($X) constituted the countries with the highest levels of exports in 2021, with a combined 89% share of total exports. These countries were followed by Morocco and Senegal, which together accounted for a further 6.7%.

Morocco, with a CAGR of +38.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, which is down by -6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2017 when the export price increased by 35%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Illuminated Sign Imports

Imports in Africa

In 2021, approx. X tons of illuminated signs and illuminated name-plates were imported in Africa; surging by 11% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 31% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, illuminated sign imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 27%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Morocco (X tons), followed by Egypt (X tons), Kenya (X tons), Cote d'Ivoire (X tons), South Africa (X tons) and Ghana (X tons) represented the main importers of illuminated signs and illuminated name-plates, together comprising 38% of total imports. Namibia (X tons), Zambia (X tons), Zimbabwe (X tons), Angola (X tons), Tanzania (X tons), Senegal (X tons) and Malawi (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malawi (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Egypt ($X) and Kenya ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 28% of total imports. These countries were followed by Cote d'Ivoire, Angola, Ghana, Tanzania, South Africa, Zambia, Malawi, Zimbabwe, Senegal and Namibia, which together accounted for a further 33%.

Among the main importing countries, Malawi, with a CAGR of +20.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per ton in 2021, growing by 7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :