Denmark: Illuminated Sign Market 2024

Illuminated Sign Market Size in Denmark

The Danish illuminated sign market expanded sharply to $X in 2021, growing by 14% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Illuminated Sign Production in Denmark

In value terms, illuminated sign production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 23%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Illuminated Sign Exports

Exports from Denmark

In 2021, exports of illuminated signs and illuminated name-plates from Denmark contracted to X tons, shrinking by -6.6% against 2020. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 116% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, illuminated sign exports contracted slightly to $X in 2021. In general, exports showed a deep contraction. The growth pace was the most rapid in 2018 when exports increased by 73%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons), Sweden (X tons) and the Netherlands (X tons) were the main destinations of illuminated sign exports from Denmark, together accounting for 53% of total exports. Germany, Iceland, Poland, Belgium, the UK, Finland, Switzerland, Greenland, Faroe Islands and Romania lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +33.8%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Norway ($X) and Germany ($X) were the largest markets for illuminated sign exported from Denmark worldwide, with a combined 49% share of total exports. Sweden, the UK, Iceland, Belgium, Switzerland, Faroe Islands, Finland, Greenland, Poland and Romania lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Iceland, with a CAGR of +38.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average illuminated sign export price stood at $X per ton in 2021, picking up by 5.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 35%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Poland ($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 Romania (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Denmark

In 2021, purchases abroad of illuminated signs and illuminated name-plates decreased by -14.1% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 65%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports fell dramatically to $X in 2021. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 56%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of illuminated sign to Denmark, accounting for a 60% share of total imports. Moreover, illuminated sign imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+9.4% per year) and the Netherlands (+7.9% per year).

In value terms, China ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to Denmark, comprising 48% of total imports. The second position in the ranking was taken by Turkey ($X), with a 15% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.5% per year) and Germany (-15.1% per year).

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, dropping by -4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2019 when the average import price increased by 23%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Israel ($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 (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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