Global Illuminated Sign Market 2024

Illuminated Sign Market Size

In 2021, the global illuminated sign market decreased by -0.2% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Illuminated Sign Production

In value terms, illuminated sign production reduced to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Global production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Illuminated Sign Exports

Exports

In 2021, after three years of decline, there was significant growth in overseas shipments of illuminated signs and illuminated name-plates, when their volume increased by 31% to X tons. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The global exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, illuminated sign exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed 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 represented the largest exporter of illuminated signs and illuminated name-plates in the world, with the volume of exports resulting at X tons, which was near 48% of total exports in 2021. Poland (X tons) took the second position in the ranking, followed by Germany (X tons) and Turkey (X tons). All these countries together took near 16% share of total exports. Malaysia (X tons), Spain (X tons), Belarus (X tons), the Netherlands (X tons), France (X tons), Mexico (X tons), Lithuania (X tons), Canada (X tons) and Hungary (X tons) followed a long way behind the leaders.

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, Lithuania (+18.1%), Mexico (+14.5%), the Netherlands (+7.0%), Hungary (+6.7%), Poland (+5.5%), Malaysia (+4.3%) and Belarus (+2.9%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.1% from 2012-2021. Spain and Turkey experienced a relatively flat trend pattern. By contrast, Canada (-1.7%), France (-7.5%) and Germany (-10.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Poland increased by +17 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest illuminated sign supplier worldwide, comprising 34% of global exports. The second position in the ranking was held by Germany ($X), with a 7.9% share of global exports. It was followed by Poland, with a 5.2% share.

In China, illuminated sign exports increased at an average annual rate of +6.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-3.6% per year) and Poland (+7.6% per year).

Export Prices by Country

In 2021, the average illuminated sign export price amounted to $X per ton, remaining stable against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 7.9%. As a result, the export price reached the peak level of $X per ton, and then declined modestly in the following year.

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 the Netherlands ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the other global leaders experienced more modest paces of growth.

Illuminated Sign Imports

Imports

After three years of decline, supplies from abroad of illuminated signs and illuminated name-plates increased by 18% to X tons in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 20%. Over the period under review, global imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, illuminated sign imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, global imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons), distantly followed by Germany (X tons), Saudi Arabia (X tons) and Australia (X tons) represented the major importers of illuminated signs and illuminated name-plates, together comprising 31% of total imports. France (X tons), the UK (X tons), Japan (X tons), Canada (X tons), Spain (X tons), Hong Kong SAR (X tons), Russia (X tons), the Netherlands (X tons) and Austria (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to illuminated sign imports into the United States stood at +5.2%. At the same time, the UK (+9.1%), Australia (+8.1%), Saudi Arabia (+5.3%), the Netherlands (+4.1%), Hong Kong SAR (+2.9%) and Japan (+1.7%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of +9.1% from 2012-2021. France, Spain and Canada experienced a relatively flat trend pattern. By contrast, Austria (-3.9%), Germany (-4.6%) and Russia (-5.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Australia, the UK and Saudi Arabia increased by +5.5, +2.3, +2.3 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported illuminated signs and illuminated name-plates worldwide, comprising 15% of global imports. The second position in the ranking was taken by France ($X), with a 6.6% share of global imports. It was followed by Germany, with a 4.8% share.

In the United States, illuminated sign imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+3.5% per year) and Germany (-0.9% per year).

Import Prices by Country

The average illuminated sign import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7.3%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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