JOHANNESBURG (02/06/2004) - ICT market analyst, BMI-TechKnowledge Group has announced the publication of its latest report, The Africa Printer Report, which has highlighted that the African market reached 1,138,957 units valued at US$266.49 million in 2002.
Laurika Maller, ICT analyst and author of the report, says that the African printer market is expected to continue its growth, despite inhibiting factors such as poverty, unemployment, illiteracy and unstable political and economic conditions. "Africa has emerged as a dynamic growth market for ICT in recent years, with the Southern and Northern regions being the largest in terms of printer volumes in 2002."
The Southern African region accounted for 37.4 percent of shipments while the North African region totalled 37 percent.
"SA was the largest country market, representing 31 percent of unit shipments and 32 percent of value. SA led both the region and the continent, with 352,953 units valued at $85.31 million shipped in 2002," adds Maller.
The North African region totalled 421,639 units valued at $94.82 million, with Egypt accounting for the lion's share of this with 156,440 units. The West-Central region accounted for 18.6 percent of units shipped with a value of $47.51 million, while East Africa had the smallest printer market with 7 percent of printer sales.
"The African printer market is expected to expand at a CAGR rate of 7.1 percent in terms of units, and a CAGR of 2.1 percent in value terms over the forecast period to 2007," concludes Maller.