ECOWAS: Lcds And Plasmas Market 2025

Lcds And Plasmas Market Size in ECOWAS

The ECOWAS LCDs and plasmas market reduced modestly to $X in 2022, which is down by -4% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Lcds And Plasmas Production in ECOWAS

In value terms, LCDs and plasmas production shrank slightly to $X in 2022 estimated in export price. Overall, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Lcds And Plasmas Exports

Exports in ECOWAS

In 2022, approx. X units of flat panel video monitor, lcd or plasma were exported in ECOWAS; jumping by 130% against 2021. Over the period under review, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of 138% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, LCDs and plasmas exports soared to $X in 2022. Overall, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 193% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mali was the key exporter of flat panel video monitor, lcd or plasma in ECOWAS, with the volume of exports finishing at X units, which was near 50% of total exports in 2022. Nigeria (X units) ranks second in terms of the total exports with a 29% share, followed by Togo (11%). The following exporters - Ghana (X units), Cote d'Ivoire (X units) and Benin (X units) - each resulted at a 5.7% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +18.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Mali ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, with a combined 62% share of total exports. Cote d'Ivoire, Togo and Benin lagged somewhat behind, together comprising a further 18%.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of +57.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, falling by -31.8% against the previous year. In general, the export price, however, posted a slight increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 162%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+52.2%), while the other leaders experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports in ECOWAS

In 2022, purchases abroad of flat panel video monitor, lcd or plasma decreased by -4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 60%. As a result, imports reached the peak of X units, and then declined modestly in the following year.

In value terms, LCDs and plasmas imports shrank sharply to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +60.6% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2022, Nigeria (X units), Ghana (X units), Senegal (X units), Cote d'Ivoire (X units), Burkina Faso (X units) and Niger (X units) represented the major importer of flat panel video monitor, lcd or plasma in ECOWAS, mixing up 89% of total import. Togo (X units) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Niger (with a CAGR of +46.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest LCDs and plasmas importing markets in ECOWAS were Ghana ($X), Cote d'Ivoire ($X) and Nigeria ($X), together comprising 53% of total imports. Senegal, Burkina Faso, Niger and Togo lagged somewhat behind, together accounting for a further 34%.

Niger, with a CAGR of +33.8%, 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 ECOWAS amounted to $X per unit, falling by -13.2% against the previous year. In general, the import price continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 an increase of 60%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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 Cote d'Ivoire ($X per unit), while Niger ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform