Asia-Pacific: Illuminated Sign Market 2024

Illuminated Sign Market Size in Asia-Pacific

In 2021, the Asia-Pacific illuminated sign market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Illuminated Sign Production in Asia-Pacific

In value terms, illuminated sign production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 12%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Illuminated Sign Exports

Exports in Asia-Pacific

In 2021, shipments abroad of illuminated signs and illuminated name-plates increased by 49% to X tons for the first time since 2017, thus ending a three-year declining trend. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, illuminated sign exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 88% of total exports in 2021. It was distantly followed by Malaysia (X tons), mixing up a 5.5% share of total exports. Vietnam (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to illuminated sign exports from China stood at +6.9%. At the same time, Vietnam (+30.8%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +30.8% from 2012-2021. While the share of China (+5.6 p.p.) and Vietnam (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest illuminated sign supplier in Asia-Pacific, comprising 84% of total exports. The second position in the ranking was held by Vietnam ($X), with a 4.6% share of total exports.

In China, illuminated sign exports expanded at an average annual rate of +6.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+29.9% per year) and Malaysia (+1.5% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, approximately equating the previous year. In general, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 8.9%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-0.7%), while the other leaders experienced a decline in the export price figures.

Illuminated Sign Imports

Imports in Asia-Pacific

After three years of decline, overseas purchases of illuminated signs and illuminated name-plates increased by 40% to X tons in 2021. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.7% against 2017 indices. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 31%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons), distantly followed by Japan (X tons), Hong Kong SAR (X tons), Indonesia (X tons), the Philippines (X tons), Malaysia (X tons) and Macao SAR (X tons) were the key importers of illuminated signs and illuminated name-plates, together constituting 77% of total imports. The following importers - Thailand (X tons), Pakistan (X tons), New Zealand (X tons), South Korea (X tons), India (X tons) and Taiwan (Chinese) (X tons) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Pakistan (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, together comprising 56% of total imports. These countries were followed by Malaysia, the Philippines, Indonesia, South Korea, India, Thailand, New Zealand, Taiwan (Chinese), Pakistan and Macao SAR, which together accounted for a further 32%.

In terms of the main importing countries, Pakistan, with a CAGR of +26.0%, recorded the highest rates of growth with regard to 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 import price in Asia-Pacific amounted to $X per ton, which is down by -7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 an increase of 15%. The level of import peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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