Uruguay: Illuminated Sign Market 2025

Illuminated Sign Market Size in Uruguay

The Uruguayan illuminated sign market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a deep slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Illuminated Sign Exports

Exports from Uruguay

In 2021, shipments abroad of illuminated signs and illuminated name-plates decreased by -39.7% to X kg, falling for the third consecutive year after three years of growth. Over the period under review, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 794% against the previous year. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, illuminated sign exports contracted sharply to $X in 2021. In general, exports saw a deep slump. The growth pace was the most rapid in 2016 when exports increased by 520% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for illuminated sign exports from Uruguay, with a 57% share of total exports. Moreover, illuminated sign exports to Colombia exceeded the volume sent to the second major destination, the Philippines (X kg), threefold. The United States (X kg) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and the United States (-17.6% per year).

In value terms, Colombia ($X) remains the key foreign market for illuminated signs and illuminated name-plates exports from Uruguay, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by the Philippines, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Colombia totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-11.1% per year) and the Philippines (0.0% per year).

Export Prices by Country

In 2021, the average illuminated sign export price amounted to $X per ton, with a decrease of -2.7% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 export price increased by +63.3% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 104% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina ($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 Brazil (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Illuminated Sign Imports

Imports into Uruguay

In 2021, purchases abroad of illuminated signs and illuminated name-plates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, illuminated sign imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 143%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Argentina (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of illuminated sign imports to Uruguay, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +30.0%), while imports for the other leaders experienced a decline.

In value terms, Argentina ($X) constituted the largest supplier of illuminated signs and illuminated name-plates to Uruguay, comprising 47% of total imports. The second position in the ranking was held by China ($X), with a 22% share of total imports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Argentina totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and the United States (+3.7% per year).

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, falling by -25.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2014 an increase of 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then declined remarkably in the following year.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :