Angola: 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 Angola

The Angolan market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) contracted markedly to $X in 2021, waning by -44.5% 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). Overall, consumption continues to indicate a dramatic downturn. Consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

Exports from Angola

For the third year in a row, Angola recorded decline in shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), which decreased by -59.8% to X units in 2021. Overall, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,535% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, LCD or LED indicator panel exports contracted rapidly to $X in 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 2,838% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for LCD or LED indicator panel exports from Angola, with a 47% share of total exports. Moreover, LCD or LED indicator panel exports to South Africa exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), threefold. The United States (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa amounted to +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+69.5% per year) and the United States (-1.1% per year).

In value terms, South Africa ($X) remains the key foreign market for LCD or LED indicator panel exports from Angola, comprising 48% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Democratic Republic of the Congo, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Africa totaled +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.3% per year) and Democratic Republic of the Congo (+20.6% per year).

Export Prices by Country

The average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, with an increase of 96% against the previous year. In general, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 182% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Congo ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+662.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Angola

LCD or LED indicator panel imports into Angola dropped sharply to X units in 2021, shrinking by -35.8% compared with the previous year. Overall, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2017 with an increase of 59%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, LCD or LED indicator panel imports fell remarkably to $X in 2021. Over the period under review, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 41%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Portugal (X units) constituted the largest supplier of LCD or LED indicator panel to Angola, with a 65% share of total imports. Moreover, LCD or LED indicator panel imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by South Africa (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal totaled -23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.8% per year) and South Africa (-17.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of LCD or LED indicator panel to Angola, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Brazil, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled -21.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.9% per year) and Brazil (-3.2% per year).

Import Prices by Country

The average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) stood at $X per unit in 2021, shrinking by -23.9% against the previous year. Overall, the import price recorded a slight curtailment. The pace of growth was the most pronounced in 2013 when the average import price increased by 75%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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