Finland: Illuminated Sign Market 2024

Illuminated Sign Market Size in Finland

The Finnish illuminated sign market fell to $X in 2021, with a decrease of -5.4% against the previous year. Over the period under review, consumption showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Illuminated Sign Production in Finland

In value terms, illuminated sign production rose slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 33% against the previous year. Illuminated sign production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Illuminated Sign Exports

Exports from Finland

In 2021, exports of illuminated signs and illuminated name-plates from Finland fell to X tons, reducing by -11.3% compared with 2020 figures. In general, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined in the following year.

In value terms, illuminated sign exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +3.2% 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 2015 with an increase of 26%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for illuminated sign exports from Finland, with a 62% share of total exports. Moreover, illuminated sign exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), threefold. China (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+4.8% per year) and China (+86.1% per year).

In value terms, Sweden ($X), Norway ($X) and Qatar ($X) were the largest markets for illuminated sign exported from Finland worldwide, together comprising 67% of total exports. The United Arab Emirates, China, Denmark, Germany, Austria and Russia lagged somewhat behind, together comprising a further 14%.

Among the main countries of destination, China, with a CAGR of +72.8%, saw 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

In 2021, the average illuminated sign export price amounted to $X per ton, growing by 28% against the previous year. In general, the export price, however, continues to indicate a slight contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat 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 Qatar ($X per ton), while the average price for exports to Austria ($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 Russia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Finland

In 2021, purchases abroad of illuminated signs and illuminated name-plates decreased by -37.9% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 65%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports contracted markedly to $X in 2021. Overall, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 97%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Slovakia (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of illuminated sign imports to Finland, with a combined 39% share of total imports. These countries were followed by China, Lithuania, Estonia, Turkey, Denmark, Poland and the UK, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +63.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest illuminated sign suppliers to Finland were Germany ($X), Sweden ($X) and Lithuania ($X), with a combined 52% share of total imports. China, Denmark, Estonia, Slovakia, Poland, Turkey and the UK lagged somewhat behind, together accounting for a further 27%.

Turkey, with a CAGR of +58.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, increasing by 28% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2019; however, from 2020 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 the UK ($X per ton), while the price for Slovakia ($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 (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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