U.S.: Sign Market 2022

Sign Market Size in the U.S.

The U.S. sign market stood at $X in 2020, surging by X% against the previous year. In general, consumption saw measured growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Sign consumption peaked at $X in 2018; however, from 2019 to 2020, consumption stood at a somewhat lower figure.

Sign Production in the U.S.

In value terms, sign production reached $X in 2020. In general, production recorded a tangible increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the immediate term.

Sign Exports

Exports from the U.S.

Sign exports from the U.S. dropped remarkably to X tons in 2020, declining by -X% on the year before. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Exports peaked at X tons in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

In value terms, sign exports contracted sharply to $X in 2020. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and the Philippines (X tons) were the main destinations of sign exports from the U.S., together comprising X% of total exports.

From 2013 to 2020, the biggest increases were in the Philippines (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sign exported from the U.S. were Canada ($X), Mexico ($X) and Japan ($X), with a combined X% share of total exports. These countries were followed by China, Germany, the UK, the Philippines, South Korea and Australia, which together accounted for a further X Philippines recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average sign export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price enjoyed measured growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Sign Imports

Imports into the U.S.

In 2020, purchases abroad of signs decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports failed to regain the momentum.

In value terms, sign imports shrank remarkably to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of sign to the U.S., accounting for a X% share of total imports. Moreover, sign imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was occupied by Canada (X tons), with a X% share.

From 2013 to 2020, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Canada (-X% per year).

In value terms, China ($X) constituted the largest supplier of sign to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2013 to 2020, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Canada (+X% per year).

Import Prices by Country

The average sign import price stood at $X per ton in 2020, growing by X% against the previous year. In general, the import price continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% year-to-year. Over the period under review, average import prices reached the peak figure in 2020 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Canada ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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