U.S.: Illuminated Sign Market 2024

Illuminated Sign Market Size in the U.S.

The U.S. illuminated sign market contracted to $X in 2021, shrinking by -11.7% against the previous year. In general, consumption, however, showed a slight downturn. As a result, consumption attained the peak level of $X, and then fell in the following year.

Illuminated Sign Production in the U.S.

In value terms, illuminated sign production reduced dramatically to $X in 2021. Over the period under review, production recorded a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 58%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Illuminated Sign Exports

Exports from the U.S.

In 2021, overseas shipments of illuminated signs and illuminated name-plates decreased by -44.7% to X tons, falling for the third year in a row after two years of growth. Overall, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2014 with an increase of 26%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, illuminated sign exports reduced to $X in 2021. In general, exports recorded a pronounced descent. The growth pace was the most rapid in 2014 with an increase of 25%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of illuminated sign exports from the United States, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +12.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for illuminated sign exported from the United States were Mexico ($X), Canada ($X) and Japan ($X), with a combined 80% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +28.0%, recorded the highest growth rate of 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

In 2021, the average illuminated sign export price amounted to $X per ton, growing by 78% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 242% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into the U.S.

In 2021, after three years of decline, there was significant growth in overseas purchases of illuminated signs and illuminated name-plates, when their volume increased by 34% to X tons. The total import volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, illuminated sign imports skyrocketed to $X in 2021. Overall, imports saw a slight increase. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Canada (X tons) and Mexico (X tons) were the main suppliers of illuminated sign imports to the United States, together comprising 84% of total imports. These countries were followed by Vietnam and Germany, which together accounted for a further 8.4%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +140.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to the United States, comprising 49% of total imports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total imports. It was followed by Canada, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+12.8% per year) and Canada (-1.4% per year).

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, which is down by -11.8% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2015 an increase of 6%. As a result, import price reached the peak level of $X per ton. From 2016 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 China ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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