Asia: Illuminated Sign Market 2025

Illuminated Sign Market Size in Asia

In 2021, after two years of decline, there was growth in the Asian illuminated sign market, when its value increased by 2.3% to $X. The total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -42.5% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Illuminated Sign Production in Asia

In value terms, illuminated sign production expanded rapidly to $X in 2021 estimated in export price. The total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -35.6% against 2018 indices. The growth pace was the most rapid in 2013 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Illuminated Sign Exports

Exports in Asia

In 2021, after three years of decline, there was significant growth in shipments abroad of illuminated signs and illuminated name-plates, when their volume increased by 50% to X tons. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, illuminated sign exports surged to $X in 2021. The total export value increased at an average annual rate of +5.0% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 80% of total exports in 2021. Turkey (X tons) ranks second in terms of the total exports with an 8% share, followed by Malaysia (5%). The following exporters - Vietnam (X tons) and the United Arab Emirates (X tons) - each accounted for a 4% share of total exports.

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, Vietnam (+30.8%), the United Arab Emirates (+16.6%) and Malaysia (+4.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +30.8% from 2012-2021. Turkey experienced a relatively flat trend pattern. China (+8.2 p.p.) and Vietnam (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest illuminated sign supplier in Asia, comprising 76% of total exports. The second position in the ranking was held by Turkey ($X), with a 7.3% share of total exports. It was followed by Vietnam, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +6.0%. In the other countries, the average annual rates were as follows: Turkey (+3.8% per year) and Vietnam (+29.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, which is down by -1.5% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.6% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.6%), while the other leaders experienced mixed trends in the export price figures.

Illuminated Sign Imports

Imports in Asia

In 2021, imports of illuminated signs and illuminated name-plates in Asia soared to X tons, growing by 28% compared with 2020 figures. Overall, imports showed a relatively flat trend pattern. Over the period under review, 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 +1.6% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 24% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons), distantly followed by Japan (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Kazakhstan (X tons), the Philippines (X tons), Malaysia (X tons) and the United Arab Emirates (X tons) represented the main importers of illuminated signs and illuminated name-plates, together constituting 68% of total imports. Macao SAR (X tons), Qatar (X tons), Thailand (X tons), Turkey (X tons) and Iraq (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +14.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Saudi Arabia ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, with a combined 41% share of total imports. The United Arab Emirates, Malaysia, the Philippines, Indonesia, Kazakhstan, Thailand, Qatar, Turkey, Iraq and Macao SAR lagged somewhat behind, together comprising a further 34%.

Indonesia, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, which is down by -6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 when the import price increased by 17%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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