Report Update Nov 1, 2024

Venezuela - Illuminated Signs and Illuminated Name-Plates - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Illuminated Sign Market 2024

Illuminated Sign Market Size in Venezuela

The Venezuelan illuminated sign market skyrocketed to $X in 2021, with an increase of 556% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Illuminated Sign Exports

Exports from Venezuela

In 2021, overseas shipments of illuminated signs and illuminated name-plates increased by 4.2% to X kg, rising for the fourth year in a row after five years of decline. In general, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 26% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, illuminated sign exports contracted markedly to $X in 2021. Over the period under review, exports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X kg), the Dominican Republic (X kg) and Colombia (X kg) were the main destinations of illuminated sign exports from Venezuela, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of -22.2%), while shipments for the other leaders experienced a decline.

In value terms, the Dominican Republic ($X) remains the key foreign market for illuminated signs and illuminated name-plates exports from Venezuela, comprising 62% of total exports. The second position in the ranking was taken by Aruba ($X), with a 23% share of total exports. It was followed by Panama, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to the Dominican Republic stood at -30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-26.0% per year) and Panama (-36.0% per year).

Export Prices by Country

In 2021, the average illuminated sign export price amounted to $X per ton, waning by -22.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 Aruba ($X per ton), while the average price for exports to Panama ($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 Aruba (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Illuminated Sign Imports

Imports into Venezuela

In 2021, the amount of illuminated signs and illuminated name-plates imported into Venezuela soared to X tons, jumping by 545% on 2020. Over the period under review, imports, however, showed a abrupt setback. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, illuminated sign imports surged to $X in 2021. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Canada (X tons), China (X tons) and the UK (X tons) were the main suppliers of illuminated sign imports to Venezuela, with a combined 71% 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 Canada (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest illuminated sign suppliers to Venezuela were Taiwan (Chinese) ($X), China ($X) and Canada ($X), with a combined 69% share of total imports.

Canada, with a CAGR of +37.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average illuminated sign import price amounted to $X per ton, picking up by 1.8% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2014 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for illuminated signs and illuminated name-plates in the world?

The country with the largest volume of illuminated sign consumption was China, accounting for 28% of total volume. Moreover, illuminated sign consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Japan, with a 6.6% share.

What are the largest producers of illuminated signs and illuminated name-plates in the world?

China remains the largest illuminated sign producing country worldwide, accounting for 43% of total volume. Moreover, illuminated sign production in China exceeded the figures recorded by the second-largest producer, Japan, sevenfold. Brazil ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of illuminated signs and illuminated name-plates to Venezuela?

In value terms, Taiwan Chinese), the United States and Mexico appeared to be the largest illuminated sign suppliers to Venezuela, together accounting for 73% of total imports.

What are the leading importers of illuminated signs and illuminated name-plates from Venezuela?

In value terms, the Dominican Republic $653) remains the key foreign market for illuminated sign exports from Venezuela, comprising 98% of total exports. The second position in the ranking was occupied by Colombia $3), with a 0.5% share of total exports.

What is the average export price for illuminated signs and illuminated name-plates in Venezuela?

In 2020, the average illuminated sign export price amounted to $25 per unit, waning by -18.7% against the previous year.

What is the average import price for illuminated signs and illuminated name-plates in Venezuela?

In 2020, the average illuminated sign import price amounted to $3.6 per unit, almost unchanged from the previous year.

This report provides an in-depth analysis of the illuminated sign market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27402400 - Illuminated signs, illuminated name-plates and the like (including road signs)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023