Northern America: Illuminated Sign Market 2024

Illuminated Sign Market Size in Northern America

The North American illuminated sign market fell to $X in 2021, dropping by -10.6% against the previous year. Overall, consumption, however, continues to indicate a slight contraction. As a result, consumption attained the peak level of $X, and then declined in the following year.

Illuminated Sign Production in Northern America

In value terms, illuminated sign production reduced sharply to $X in 2021 estimated in export price. In general, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 52% against the previous year. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Illuminated Sign Exports

Exports in Northern America

In 2021, shipments abroad of illuminated signs and illuminated name-plates decreased by -13.1% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, illuminated sign exports reduced modestly to $X in 2021. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2014 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, Canada (X tons) was the major exporter of illuminated signs and illuminated name-plates, making up 79% of total exports. It was distantly followed by the United States (X tons), comprising a 21% share of total exports.

Canada was also the fastest-growing in terms of the illuminated signs and illuminated name-plates exports, with a CAGR of -1.7% from 2012 to 2021. The United States (-21.1%) illustrated a downward trend over the same period. Canada (+45 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -44.6% from 2012 to 2021, respectively.

In value terms, the largest illuminated sign supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of -2.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, growing by 13% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2020 when the export price increased by 81% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

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 United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+22.2%).

Illuminated Sign Imports

Imports in Northern America

In 2021, supplies from abroad of illuminated signs and illuminated name-plates was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, illuminated sign imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States was the largest importing country with an import of about X tons, which reached 85% of total imports. It was distantly followed by Canada (X tons), mixing up a 14% share of total imports.

The United States was also the fastest-growing in terms of the illuminated signs and illuminated name-plates imports, with a CAGR of +5.2% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+7.7 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -7.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported illuminated signs and illuminated name-plates in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -9.7% against the previous year. In general, the import price recorded a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of 7.2%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.6%).

Source: IndexBox Platform

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