Report Update Nov 1, 2024

Ghana - Illuminated Signs and Illuminated Name-Plates - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Illuminated Sign Market 2024

Illuminated Sign Market Size in Ghana

The Ghanian illuminated sign market skyrocketed to $X in 2021, jumping by 100% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Illuminated Sign Exports

Exports from Ghana

In 2021, the amount of illuminated signs and illuminated name-plates exported from Ghana declined rapidly to X kg, shrinking by -68.8% compared with the previous year's figure. In general, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2014 when exports increased by 420% against the previous year. As a result, the exports attained 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 declined significantly to $X in 2021. Overall, exports showed a dramatic contraction. The growth pace was the most rapid in 2014 when exports increased by 450% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for illuminated sign exports from Ghana, with a 93% share of total exports. Moreover, illuminated sign exports to Burkina Faso exceeded the volume sent to the second major destination, the UK (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and France (0.0% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for illuminated signs and illuminated name-plates exports from Ghana, comprising 87% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by Cote d'Ivoire, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso stood at -8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Cote d'Ivoire (-56.9% per year).

Export Prices by Country

The average illuminated sign export price stood at $X per ton in 2021, waning by -10.9% 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 2016 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure 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 destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 Burkina Faso (-4.8%), while the prices for the other major destinations experienced a decline.

Illuminated Sign Imports

Imports into Ghana

In 2021, approx. X tons of illuminated signs and illuminated name-plates were imported into Ghana; picking up by 68% compared with 2020 figures. Over the period under review, imports recorded a modest expansion. The growth pace was the most rapid in 2013 with an increase of 79% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Malaysia (X tons) were the main suppliers of illuminated sign imports to Ghana, together comprising 65% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +55.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and South Africa ($X) constituted the largest illuminated sign suppliers to Ghana, with a combined 50% share of total imports.

Among the main suppliers, Turkey, with a CAGR of +62.3%, saw the highest rates of growth with regard to the value of imports, 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, rising by 39% against the previous year. Over the period under review, the import price, however, saw a slight downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for illuminated signs and illuminated name-plates in the world?

China remains the largest illuminated sign consuming country worldwide, accounting for 28% of total volume. Moreover, illuminated sign consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. Japan ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of illuminated signs and illuminated name-plates in the world?

The country with the largest volume of illuminated sign production was China, accounting for 43% of total volume. Moreover, illuminated sign production in China exceeded the figures recorded by the second-largest producer, Japan, sevenfold. Brazil ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of illuminated signs and illuminated name-plates to Ghana?

In value terms, China constituted the largest supplier of illuminated sign to Ghana, comprising 39% of total imports. The second position in the ranking was occupied by South Africa, with a 17% share of total imports. It was followed by Turkey, with a 14% share.

What are the leading importers of illuminated signs and illuminated name-plates from Ghana?

In value terms, the largest markets for illuminated sign exported from Ghana were Italy, Cote d'Ivoire $740) and Burkina Faso $726), together accounting for 86% of total exports. The UK lagged somewhat behind, accounting for a further 14%.

What is the average export price for illuminated signs and illuminated name-plates in Ghana?

The average illuminated sign export price stood at $24 per unit in 2020, with an increase of 54% against the previous year.

What is the average import price for illuminated signs and illuminated name-plates in Ghana?

The average illuminated sign import price stood at $2.8 per unit in 2020, with a decrease of -64.6% against the previous year.

This report provides an in-depth analysis of the illuminated sign market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27402400 - Illuminated signs, illuminated name-plates and the like (including road signs)

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023