Africa: Market for Indicator Panels Incorporating Liquid Crystal Devices (LCD) Or Light Emitting Diodes (LCD) 2025

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

In 2021, the African market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -9.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a mild decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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 shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 188% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank slightly in the following year.

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

Exports in Africa

In 2021, after three years of decline, there was significant growth in overseas shipments of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), when their volume increased by 85% to X units. Over the period under review, exports, however, saw a precipitous descent. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, LCD or LED indicator panel exports soared to $X in 2021. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 78%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Africa (X units) and Tunisia (X units) dominates exports structure, together constituting 87% of total exports. It was distantly followed by Morocco (X units), mixing up a 4.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Tunisia (with a CAGR of +9.6%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Tunisia ($X) remains the largest LCD or LED indicator panel supplier in Africa, comprising 56% of total exports. The second position in the ranking was taken by South Africa ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Tunisia amounted to +11.6%. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (-16.9% per year) and Morocco (+19.4% per year).

Export Prices by Country

In 2021, the export price in Africa amounted to $X per unit, dropping by -23.6% against the previous year. In general, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 532%. The level of export peaked at $X per unit in 2020, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Morocco ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+49.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Africa

In 2021, approx. X units of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) were imported in Africa; remaining constant against 2020 figures. Overall, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports surged to $X in 2021. In general, imports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2013 with an increase of 29%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Morocco (X units) and South Africa (X units) represented roughly 38% of total imports in 2021. Nigeria (X units) took an 8.3% share (based on physical terms) of total imports, which put it in second place, followed by Tunisia (8.3%), Eritrea (5.4%) and Egypt (5.3%). Ethiopia (X units), Rwanda (X units), Algeria (X units), Angola (X units), Tanzania (X units), Ghana (X units) and Zimbabwe (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Eritrea (with a CAGR of +114.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) in Africa, comprising 26% of total imports. The second position in the ranking was taken by Morocco ($X), with a 9.2% share of total imports. It was followed by Algeria, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to -4.6%. In the other countries, the average annual rates were as follows: Morocco (+7.9% per year) and Algeria (+15.0% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, picking up by 20% against the previous year. In general, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 an increase of 78% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Algeria ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+38.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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