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Turkey - Illuminated Signs And Illuminated Name-Plates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTurkey's Illuminated Sign Export Reaches $35M in 2023
Turkey Illuminated Sign Exports
Illuminated sign exports from Turkey expanded sharply to 3.6K tons in 2023, growing by 6.7% on 2022 figures. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. Over the period under review, the exports attained the peak figure at 4.2K tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.
In value terms, illuminated sign exports expanded sharply to $35M (IndexBox estimates) in 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked at $48M in 2014; however, from 2015 to 2023, the exports remained at a lower figure.
COUNTRY | Export Value of Illuminated Sign in Turkey (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Morocco | 3.7 | 2.5 | 3.4 | 4.6 | 3.0 | 2.6 | 6.0 | 2.9 | 4.0 | 3.4 | 3.7 |
Germany | 3.5 | 3.1 | 3.7 | 5.4 | 2.6 | 2.6 | 2.6 | 2.2 | 3.4 | 2.8 | 3.0 |
France | 0.3 | 0.3 | 0.6 | 0.4 | 0.8 | 0.5 | 2.1 | 1.4 | 2.7 | 2.2 | 2.4 |
United States | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.4 | 0.2 | 2.5 | 2.0 | 2.2 |
Austria | 0.1 | 0.1 | 0.3 | 0.6 | 0.6 | 0.5 | 1.0 | 0.9 | 1.7 | 1.4 | 1.5 |
Netherlands | 0.3 | 1.6 | 2.2 | 1.5 | 1.3 | 1.4 | 1.6 | 1.6 | 1.5 | 1.2 | 1.3 |
United Kingdom | 0.2 | 2.0 | 4.0 | 2.8 | 2.1 | 0.4 | 0.6 | 0.9 | 1.3 | 1.0 | 1.1 |
Qatar | N/A | N/A | N/A | 0.3 | 0.1 | 0.8 | 0.4 | 0.8 | 1.3 | 1.0 | 1.1 |
Iraq | 4.3 | 1.7 | 1.2 | 1.1 | 0.7 | 0.6 | 0.7 | 0.4 | 0.8 | 0.6 | 0.7 |
Algeria | 3.7 | 7.2 | 1.0 | 0.9 | 1.9 | 2.0 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 |
Others | 20.8 | 29.1 | 22.4 | 23.2 | 19.1 | 19.8 | 15.3 | 14.8 | 18.5 | 16.2 | 17.7 |
Total | 37.0 | 47.8 | 39.0 | 41.1 | 32.4 | 31.5 | 31.2 | 26.2 | 37.8 | 32.0 | 34.9 |
Exports by Country
Morocco (454 tons), Germany (289 tons) and Qatar (233 tons) were the main destinations of illuminated sign exports from Turkey, together accounting for 27% of total exports.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +53.3%), while the other leaders experienced more modest paces of growth.
In value terms, Morocco ($3.7M), Germany ($3M) and France ($2.4M) were the largest markets for illuminated sign exported from Turkey worldwide, together accounting for 26% of total exports. the United States, Austria, the Netherlands, Qatar, the UK, Iraq and Algeria lagged somewhat behind, together accounting for a further 23%.
Qatar, with a CAGR of +43.8%, recorded the highest growth rate of 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 2023, the illuminated sign price amounted to $9,662 per ton (FOB, Turkey), rising by 2.1% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 18% against the previous year. As a result, the export price reached the peak level of $11,427 per ton. From 2015 to 2023, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($18,046 per ton), while the average price for exports to Qatar ($4,843 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the illuminated sign market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023