United Kingdom: Illuminated Sign Market 2024

Illuminated Sign Market Size in the UK

In 2021, after four years of decline, there was significant growth in the UK illuminated sign market, when its value increased by 8% to $X. Over the period under review, consumption, however, recorded a slight decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Illuminated Sign Production in the UK

In value terms, illuminated sign production totaled $X in 2021 estimated in export price. Overall, production, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Illuminated Sign Exports

Exports from the UK

In 2021, the amount of illuminated signs and illuminated name-plates exported from the UK fell to X tons, which is down by -11.4% on the year before. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 when exports increased by 72%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, illuminated sign exports skyrocketed to $X in 2021. In general, exports, however, saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons) was the main destination for illuminated sign exports from the UK, accounting for a 28% share of total exports. Moreover, illuminated sign exports to Ireland exceeded the volume sent to the second major destination, France (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.2% per year) and the Netherlands (-8.9% per year).

In value terms, France ($X) remains the key foreign market for illuminated signs and illuminated name-plates exports from the UK, comprising 39% of total exports. The second position in the ranking was taken by Ireland ($X), with a 16% share of total exports. It was followed by the United States, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+14.6% per year) and the United States (+6.5% per year).

Export Prices by Country

In 2021, the average illuminated sign export price amounted to $X per ton, growing by 74% against the previous year. Over the period under review, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mexico ($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 France (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into the UK

In 2021, supplies from abroad of illuminated signs and illuminated name-plates increased by 12% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.0% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 179%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 151% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of illuminated sign to the UK, accounting for a 71% share of total imports. Moreover, illuminated sign imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The third position in this ranking was taken by Ireland (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+55.0% per year) and Ireland (+115.0% per year).

In value terms, China ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to the UK, comprising 50% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by Ireland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+64.8% per year) and Ireland (+119.8% per year).

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, surging by 6.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 12%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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