Hong Kong SAR, China: Illuminated Sign Market 2024

Illuminated Sign Market Size in Hong Kong SAR, China

The Hong Kong illuminated sign market skyrocketed to $X in 2021, picking up by 42% against the previous year. In general, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.7% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Illuminated Sign Production in Hong Kong SAR, China

In value terms, illuminated sign production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2019 when the production volume increased by 98%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Illuminated Sign Exports

Exports from Hong Kong SAR, China

Illuminated sign exports from Hong Kong SAR skyrocketed to X tons in 2021, jumping by 70% compared with 2020. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 148%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, illuminated sign exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 with an increase of 177%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), the UK (X tons) and Taiwan (Chinese) (X tons) were the main destinations of illuminated sign exports from Hong Kong SAR, with a combined 38% share of total exports. China, France, India, Mexico, Nigeria, Belgium, Bulgaria, Japan, New Zealand and Germany lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +60.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for illuminated sign exported from Hong Kong SAR worldwide, together comprising 45% of total exports. These countries were followed by France, the UK, Mexico, Nigeria, India, Germany, Japan, Bulgaria, New Zealand and Belgium, which together accounted for a further 21%.

Bulgaria, with a CAGR of +74.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, which is down by -11.2% against the previous year. In general, the export price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the UK ($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 China (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in overseas purchases of illuminated signs and illuminated name-plates, when their volume increased by 49% to X tons. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, illuminated sign imports skyrocketed to $X in 2021. In general, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of illuminated sign to Hong Kong SAR, with a 78% share of total imports. Moreover, illuminated sign imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by Thailand (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+32.2% per year) and Thailand (+42.0% per year).

In value terms, China ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to Hong Kong SAR, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Thailand, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.8% per year) and Thailand (+44.7% per year).

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, growing by 6.4% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, illuminated sign import price increased by +105.7% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 43% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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