Egypt: 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 Egypt

In 2021, the Egyptian market for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -12.1% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, enjoyed a strong increase. Consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

Exports from Egypt

For the fifth consecutive year, Egypt recorded decline in shipments abroad of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD), which decreased by -74.2% to X units in 2021. Overall, exports recorded a significant curtailment. The growth pace was the most rapid in 2014 with an increase of 148% 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 failed to regain momentum.

In value terms, LCD or LED indicator panel exports fell remarkably to $X in 2021. In general, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 176% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Ghana (X units) and Germany (X units) were the main destinations of LCD or LED indicator panel exports from Egypt, with a combined 86% share of total exports. These countries were followed by Rwanda and the United Arab Emirates, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Malaysia ($X) remains the key foreign market for LCD or LED indicator panel exports from Egypt, comprising 85% of total exports. The second position in the ranking was held by Germany ($X), with a 7.7% share of total exports. It was followed by Ghana, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-21.7% per year) and Ghana (-53.2% per year).

Export Prices by Country

In 2021, the average export price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, which is down by -29.1% against the previous year. Overall, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, LCD or LED indicator panel export price decreased by -33.0% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 44%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Ghana ($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 Turkey (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Egypt

In 2021, overseas purchases of indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) decreased by -22.7% to X units, falling for the second consecutive year after two years of growth. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 115% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, LCD or LED indicator panel imports rose notably to $X in 2021. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by 94% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of LCD or LED indicator panel to Egypt, with a 62% share of total imports. Moreover, LCD or LED indicator panel imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+27.4% per year) and Hong Kong SAR (+5.1% per year).

In value terms, the largest LCD or LED indicator panel suppliers to Egypt were China ($X), Italy ($X) and the United Arab Emirates ($X), with a combined 75% share of total imports.

Among the main suppliers, Italy, with a CAGR of +62.5%, 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

In 2021, the average import price for indicator panels incorporating liquid crystal devices (LCD) or light emitting diodes (LCD) amounted to $X per unit, with an increase of 37% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 138%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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