Israel: Illuminated Sign Market 2024

Illuminated Sign Market Size in Israel

The Israeli illuminated sign market shrank remarkably to $X in 2021, waning by -34.9% 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). In general, consumption, however, posted a modest expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then declined rapidly in the following year.

Illuminated Sign Exports

Exports from Israel

For the ninth consecutive year, Israel recorded decline in shipments abroad of illuminated signs and illuminated name-plates, which decreased by -2% to X tons in 2021. In general, exports showed a abrupt contraction. The smallest decline of -2% was in 2019. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, illuminated sign exports rose notably to $X in 2021. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 9.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for illuminated sign exports from Israel, accounting for a 87% share of total exports. Moreover, illuminated sign exports to Ukraine exceeded the volume sent to the second major destination, China (X kg), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Ukraine totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and the United States (-25.3% per year).

In value terms, Ukraine ($X) remains the key foreign market for illuminated signs and illuminated name-plates exports from Israel, comprising 87% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Ukraine totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (0.0% per year) and the United States (-18.5% per year).

Export Prices by Country

The average illuminated sign export price stood at $X per ton in 2021, growing by 12% against the previous year. In general, the export price saw prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ukraine ($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 Argentina (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Israel

In 2021, illuminated sign imports into Israel reduced markedly to X tons, waning by -42.7% on 2020. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 62% against the previous year. Imports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, illuminated sign imports fell notably to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 67% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest illuminated sign supplier to Israel, accounting for a 37% share of total imports. Moreover, illuminated sign imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.7% per year) and Spain (+15.0% per year).

In value terms, China ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to Israel, comprising 37% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by Spain, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.6% per year) and Spain (+15.2% per year).

Import Prices by Country

The average illuminated sign import price stood at $X per ton in 2021, increasing by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and South Korea ($X per ton), while the price for Austria ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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