Saudi Arabia: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in Saudi Arabia

The Saudi metal advertising sign market contracted remarkably to $X in 2020, dropping by X% 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 abrupt slump. Metal advertising sign consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Metal Advertising Sign Exports

Exports from Saudi Arabia

In 2020, the amount of metal advertising signs exported from Saudi Arabia fell notably to X tons, waning by X% on 2019. Overall, exports faced a sharp contraction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2020, the exports remained at a lower figure.

In value terms, metal advertising sign exports fell to $X in 2020. Over the period under review, exports saw a dramatic slump. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

Qatar (X tons), Yemen (X tons) and Lebanon (X tons) were the main destinations of metal advertising sign exports from Saudi Arabia, with a combined X% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Yemen (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Qatar ($X), the United Arab Emirates ($X) and Jordan ($X) constituted the largest markets for metal advertising sign exported from Saudi Arabia worldwide, with a combined X% share of total exports. Oman, Lebanon, Yemen and Kuwait lagged somewhat behind, together comprising a further X%.

Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average metal advertising sign export price stood at $X per ton in 2020, surging by X% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, metal advertising sign export price increased by X% against 2016 indices. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into Saudi Arabia

In 2020, purchases abroad of metal advertising signs decreased by X% to X tons for the first time since 2017, thus ending a two-year rising trend. In general, imports showed a sharp setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2020, the growth of imports remained at a lower figure.

In value terms, metal advertising sign imports reduced sharply to $X in 2020. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain momentum.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of metal advertising sign imports to Saudi Arabia, with a combined X% share of total imports. Ukraine, Turkey, Poland, India, Pakistan, the United States and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest metal advertising sign suppliers to Saudi Arabia, with a combined X% share of total imports. Turkey, India, Poland, Taiwan (Chinese), Mexico, Ukraine and Pakistan lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal advertising sign import price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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