Czech Republic: Illuminated Sign Market 2024

Illuminated Sign Market Size in the Czech Republic

In 2021, the Czech illuminated sign market increased by 47% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Illuminated Sign Production in the Czech Republic

In value terms, illuminated sign production reduced notably to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 164%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Illuminated Sign Exports

Exports from the Czech Republic

Illuminated sign exports from the Czech Republic declined remarkably to X tons in 2021, waning by -38.6% against 2020. Over the period under review, exports showed a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by 57% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, illuminated sign exports fell to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 81%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Switzerland (X tons) were the main destinations of illuminated sign exports from the Czech Republic, together accounting for 63% of total exports. These countries were followed by Poland, Slovakia, Italy, France, Hungary, the UK, Spain and Russia, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for illuminated signs and illuminated name-plates exports from the Czech Republic, comprising 38% of total exports. The second position in the ranking was held by Austria ($X), with a 15% share of total exports. It was followed by Switzerland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+0.4% per year) and Switzerland (+10.1% per year).

Export Prices by Country

The average illuminated sign export price stood at $X per ton in 2021, surging by 51% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into the Czech Republic

In 2021, purchases abroad of illuminated signs and illuminated name-plates decreased by -29.8% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 34%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, illuminated sign imports contracted notably to $X in 2021. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 23% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Slovakia (X tons), Germany (X tons) and China (X tons) were the main suppliers of illuminated sign imports to the Czech Republic, with a combined 59% share of total imports. These countries were followed by Poland, Austria, the United States, Greece, Slovenia and Hungary, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +204.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest illuminated sign suppliers to the Czech Republic were Austria ($X), Slovakia ($X) and Germany ($X), with a combined 54% share of total imports. These countries were followed by China, Poland, Greece, the United States, Slovenia and Hungary, which together accounted for a further 27%.

Among the main suppliers, Greece, with a CAGR of +225.1%, 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 average illuminated sign import price amounted to $X per ton, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 21%. The import price peaked 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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