World - Illuminated Signs And Illuminated Name-Plates - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the rising demand for illuminated signs worldwide, with a projected increase in market volume and value over the next eight years. Consumption trends, production volumes, import and export statistics, as well as key players in the industry, are analyzed in detail. China leads in both consumption and production of illuminated signs, while Belarus is the main exporter. The average import and export prices, along with annual growth rates, are also highlighted.
Market Forecast
Driven by rising demand for illuminated sign worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market volume to 959K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market value to $4,193.8B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Illuminated Signs And Illuminated Name-Plates
In 2022, approx. 696K tons of illuminated signs and illuminated name-plates were consumed worldwide; with a decrease of -3.8% on the year before. In general, consumption recorded a mild slump. As a result, consumption reached the peak volume of 1.1M tons. From 2019 to 2022, the growth of the global consumption remained at a somewhat lower figure.
The global illuminated sign market size expanded rapidly to $3,620.6B in 2022, with an increase of 14% 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). Over the period under review, consumption continues to indicate a slight setback. Global consumption peaked at $4,365.2B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Consumption By Country
China (213K tons) remains the largest illuminated sign consuming country worldwide, comprising approx. 31% of total volume. Moreover, illuminated sign consumption in China exceeded the figures recorded by the second-largest consumer, Turkey (103K tons), twofold. India (65K tons) ranked third in terms of total consumption with a 9.3% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at -1.9%. The remaining consuming countries recorded the following average annual rates of consumption growth: Turkey (+2.6% per year) and India (+0.5% per year).
In value terms, China ($3,610.9B) led the market, alone. The second position in the ranking was taken by India ($1.7B). It was followed by Japan.
From 2012 to 2022, the average annual growth rate of value in China totaled -1.9%. In the other countries, the average annual rates were as follows: India (+0.8% per year) and Japan (+2.6% per year).
In 2022, the highest levels of illuminated sign per capita consumption was registered in Turkey (1,201 kg per 1000 persons), followed by Poland (341 kg per 1000 persons), Canada (304 kg per 1000 persons) and Japan (224 kg per 1000 persons), while the world average per capita consumption of illuminated sign was estimated at 89 kg per 1000 persons.
In Turkey, illuminated sign per capita consumption expanded at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+5.6% per year) and Canada (-3.4% per year).
Production
World Production of Illuminated Signs And Illuminated Name-Plates
In 2022, the amount of illuminated signs and illuminated name-plates produced worldwide fell to 687K tons, waning by -5.4% on 2021. Over the period under review, production showed a mild curtailment. The growth pace was the most rapid in 2017 with an increase of 13%. Global production peaked at 1.1M tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.
In value terms, illuminated sign production declined modestly to $3,620.6B in 2022 estimated in export price. Overall, production showed a noticeable slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 6.8% against the previous year. Over the period under review, global production hit record highs at $4,931.2B in 2012; however, from 2013 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of illuminated sign production was China (213K tons), accounting for 31% of total volume. Moreover, illuminated sign production in China exceeded the figures recorded by the second-largest producer, Turkey (103K tons), twofold. India (65K tons) ranked third in terms of total production with a 9.4% share.
In China, illuminated sign production plunged by an average annual rate of -3.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Turkey (+2.2% per year) and India (+0.4% per year).
Imports
World Imports of Illuminated Signs And Illuminated Name-Plates
Global illuminated sign imports reduced remarkably to 13K tons in 2022, dropping by -79.3% against 2021. Over the period under review, imports faced a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Over the period under review, global imports reached the peak figure at 67K tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.
In value terms, illuminated sign imports contracted rapidly to $188M in 2022. In general, imports showed a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Over the period under review, global imports attained the peak figure at $1.2B in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The countries with the highest levels of illuminated sign imports in 2022 were Kazakhstan (1,021 tons), Indonesia (932 tons), Norway (867 tons), Hong Kong SAR (801 tons) and the Philippines (732 tons), together accounting for 34% of total import. Morocco (459 tons), South Korea (446 tons), the United Arab Emirates (375 tons), Angola (257 tons), Argentina (235 tons), Iraq (230 tons), India (229 tons) and Kenya (221 tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +10.0%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Norway ($24M), the Philippines ($13M) and Hong Kong SAR ($12M) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of global imports.
In terms of the main importing countries, the Philippines, with a CAGR of +12.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average illuminated sign import price amounted to $14,509 per ton, with a decrease of -10.5% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth was the most pronounced in 2013 when the average import price increased by 5.2% against the previous year. Global import price peaked at $18,166 per ton in 2018; however, from 2019 to 2022, import prices stood 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 the United Arab Emirates ($27,628 per ton), while Angola ($6,512 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.2%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Illuminated Signs And Illuminated Name-Plates
In 2022, the amount of illuminated signs and illuminated name-plates exported worldwide contracted dramatically to 3.5K tons, with a decrease of -94.6% compared with the previous year. Over the period under review, exports faced a sharp decrease. The pace of growth was the most pronounced in 2017 with an increase of 40%. As a result, the exports attained the peak of 93K tons. From 2018 to 2022, the growth of the global exports remained at a somewhat lower figure.
In value terms, illuminated sign exports dropped markedly to $46M in 2022. Overall, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The global exports peaked at $1.3B in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
Belarus was the main exporter of illuminated signs and illuminated name-plates in the world, with the volume of exports recording 1.8K tons, which was approx. 51% of total exports in 2022. It was distantly followed by Tunisia (428 tons), South Korea (351 tons) and Taiwan (Chinese) (212 tons), together making up a 28% share of total exports. Lebanon (104 tons), Ukraine (87 tons), Argentina (78 tons) and the United Arab Emirates (57 tons) followed a long way behind the leaders.
Exports from Belarus increased at an average annual rate of +4.1% from 2012 to 2022. At the same time, Tunisia (+30.3%) and Lebanon (+5.1%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.3% from 2012-2022. By contrast, Taiwan (Chinese) (-3.0%), Ukraine (-6.0%), Argentina (-6.0%), South Korea (-8.9%) and the United Arab Emirates (-10.4%) illustrated a downward trend over the same period. While the share of Belarus (+50 p.p.), Tunisia (+12 p.p.), South Korea (+8.8 p.p.), Taiwan (Chinese) (+5.7 p.p.), Lebanon (+2.9 p.p.), Ukraine (+2.3 p.p.) and Argentina (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Belarus ($18M) remains the largest illuminated sign supplier worldwide, comprising 40% of global exports. The second position in the ranking was held by South Korea ($7.8M), with a 17% share of global exports. It was followed by Tunisia, with a 10% share.
In Belarus, illuminated sign exports expanded at an average annual rate of +1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-11.0% per year) and Tunisia (+25.8% per year).
Export Prices By Country
In 2022, the average illuminated sign export price amounted to $13,060 per ton, declining by -31.5% against the previous year. In general, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22%. The global export price peaked at $19,058 per ton in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($22,124 per ton), while Lebanon ($8,082 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.9%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global illuminated sign market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27402400 - Illuminated signs, illuminated name-plates and the like (including road signs)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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