Eastern Asia: Illuminated Sign Market 2024

Illuminated Sign Market Size in Eastern Asia

In 2021, the East Asian illuminated sign market decreased by -1.6% to $X, falling for the fourth year in a row after two years of growth. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Illuminated Sign Production in Eastern Asia

In value terms, illuminated sign production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. 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 Eastern Asia

In 2021, overseas shipments of illuminated signs and illuminated name-plates were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, 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.

In value terms, illuminated sign exports soared to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern 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.

Exports by Country

The biggest shipments were from China (X tons), together finishing at 97% of total export.

China was also the fastest-growing in terms of the illuminated signs and illuminated name-plates exports, with a CAGR of +6.9% from 2012 to 2021. While the share of China (+6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest illuminated sign supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.0%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 when the export price increased by 10%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -0.8% per year.

Illuminated Sign Imports

Imports in Eastern Asia

In 2021, after three years of decline, there was significant growth in overseas purchases of illuminated signs and illuminated name-plates, when their volume increased by 8.8% to X tons. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 43% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, illuminated sign imports reduced to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 -24.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 52%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons) and Hong Kong SAR (X tons) represented the key importers of illuminated signs and illuminated name-plates in 2021, reaching approx. 42% and 32% of total imports, respectively. Macao SAR (X tons) held the next position in the ranking, distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons). All these countries together took near 24% share of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported illuminated signs and illuminated name-plates in Eastern Asia, comprising 55% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 22% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to +8.9%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+7.7% per year) and China (+3.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, shrinking by -8.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 when the import price increased by 36% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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