Greece: Illuminated Sign Market 2025

Illuminated Sign Market Size in Greece

In 2021, the Greek illuminated sign market decreased by -0.9% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption, however, continues to indicate a significant increase. 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 Greece

In value terms, illuminated sign production amounted to $X in 2021 estimated in export price. In general, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 682% against the previous year. Illuminated sign production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Illuminated Sign Exports

Exports from Greece

In 2021, the amount of illuminated signs and illuminated name-plates exported from Greece surged to X tons, jumping by 43% compared with 2020 figures. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 131% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, illuminated sign exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 144%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for illuminated sign exports from Greece, accounting for a 60% share of total exports. Moreover, illuminated sign exports to Serbia exceeded the volume sent to the second major destination, Bulgaria (X tons), fivefold. The third position in this ranking was taken by Montenegro (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia amounted to +70.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+15.3% per year) and Montenegro (+1,849.3% per year).

In value terms, Serbia ($X) emerged as the key foreign market for illuminated signs and illuminated name-plates exports from Greece, comprising 47% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 15% share of total exports. It was followed by Montenegro, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia totaled +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+15.2% per year) and Montenegro (+1,708.1% per year).

Export Prices by Country

The average illuminated sign export price stood at $X per ton in 2021, declining by -17% against the previous year. Overall, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 28% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Italy ($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 Cyprus (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Greece

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 2018, thus ending a two-year declining trend. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 70%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, illuminated sign imports reduced to $X in 2021. In general, imports posted a strong increase. The pace of growth appeared the most rapid in 2017 when imports increased by 41% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest illuminated sign supplier to Greece, with a 40% share of total imports. Moreover, illuminated sign imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.3% per year) and Poland (+89.1% per year).

In value terms, the largest illuminated sign suppliers to Greece were China ($X), Germany ($X) and Belgium ($X), with a combined 55% share of total imports. The Netherlands, Italy, France, Spain, Cyprus, Poland, Hungary, Ireland and the UK lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, Hungary, with a CAGR of +121.9%, 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, shrinking by -30.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 51%. As a result, import price reached the peak level of $X per ton, and then contracted notably in the following year.

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 Belgium ($X per ton), while the price for Poland ($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 Netherlands (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :