Malaysia: Illuminated Sign Market 2024

Illuminated Sign Market Size in Malaysia

The Malaysian illuminated sign market expanded remarkably to $X in 2021, with an increase of 9.3% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Illuminated sign consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Illuminated Sign Production in Malaysia

In value terms, illuminated sign production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 21% 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 Malaysia

In 2021, overseas shipments of illuminated signs and illuminated name-plates were finally on the rise to reach X tons after three years of decline. In general, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, illuminated sign exports skyrocketed to $X in 2021. Over the period under review, total exports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Indonesia (X tons) and the UK (X tons) were the main destinations of illuminated sign exports from Malaysia, together accounting for 26% of total exports. These countries were followed by Australia, the Netherlands, the Philippines, Pakistan, Belgium, Kenya, Malawi, Germany, Canada and Argentina, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +349.5%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Germany ($X) and the Netherlands ($X) were the largest markets for illuminated sign exported from Malaysia worldwide, together comprising 28% of total exports. Indonesia, Australia, Pakistan, the Philippines, the UK, Kenya, Belgium, Argentina, Canada and Malawi lagged somewhat behind, together comprising a further 44%.

In terms of the main countries of destination, Malawi, with a CAGR of +213.9%, 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

The average illuminated sign export price stood at $X per ton in 2021, dropping by -11.5% against the previous year. In general, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2016 an increase of 12%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Malawi ($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 Germany (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Malaysia

In 2021, supplies from abroad of illuminated signs and illuminated name-plates was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, illuminated sign imports soared to $X in 2021. Over the period under review, imports showed slight growth. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of illuminated sign to Malaysia, accounting for a 81% share of total imports. Moreover, illuminated sign imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.0% per year) and the Netherlands (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to Malaysia, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.8% per year) and the Netherlands (-6.7% per year).

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, flattening at the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% 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 +21.7% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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