Scandinavia: Illuminated Sign Market 2025

Illuminated Sign Market Size in Scandinavia

The Scandinavia illuminated sign market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption recorded a slight curtailment. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Illuminated Sign Production in Scandinavia

In value terms, illuminated sign production expanded rapidly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Illuminated Sign Exports

Exports in Scandinavia

In 2021, after two years of decline, there was growth in shipments abroad of illuminated signs and illuminated name-plates, when their volume increased by 1.6% to X tons. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, illuminated sign exports surged to $X in 2021. The total export value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X tons) and Sweden (X tons) represented the key exporters of illuminated signs and illuminated name-plates in 2021, amounting to approx. 42% and 38% of total exports, respectively. Denmark (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Norway (6%).

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +4.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Sweden ($X) remains the largest illuminated sign supplier in Scandinavia, comprising 57% of total exports. The second position in the ranking was held by Finland ($X), with a 28% share of total exports. It was followed by Denmark, with a 9.3% share.

In Sweden, illuminated sign exports expanded at an average annual rate of +6.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+3.2% per year) and Denmark (-6.5% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.2%), while the other leaders experienced more modest paces of growth.

Illuminated Sign Imports

Imports in Scandinavia

In 2021, overseas purchases of illuminated signs and illuminated name-plates decreased by -5% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a slight slump. The pace of growth appeared the most rapid in 2016 when imports increased by 19% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports expanded rapidly to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Norway (X tons) and Sweden (X tons) prevails in imports structure, together creating 86% of total imports. It was distantly followed by Denmark (X tons), achieving an 8% share of total imports. Finland (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +3.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Denmark ($X) were the countries with the highest levels of imports in 2021, together accounting for 95% of total imports.

In terms of the main importing countries, Norway, with a CAGR of +3.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, growing by 17% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform