Earlier Report Observations
The market for illuminated signs and name-plates in Belgium declined from 96 114 thousand US dollars in 2018 to 59 428 thousand US dollars in 2022. This contraction was driven by the enforcement of a 2012 decree requiring stores to turn off illuminated signs overnight to save energy, which reduced new installations. The shift to longer-lasting LED technology decreased replacement demand, while global supply chain disruptions in 2020 limited component availability, affecting production and imports.
New local players entered the market in 2021, offering customized signs and increasing competition. Strengthened energy policies in 2022 further encouraged lower electricity use for illuminated signage. The market size saw a slight recovery to 60 374 thousand US dollars in 2023 before falling to 53 750 thousand US dollars in 2024.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018, 2022-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018, 2022-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Belgium
- 5.1.1. In kind, 2018, 2022-2024, K unit
- 5.1.2. In value, 2018, 2022-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In kind, 2018-2024, K unit
- 5.2.2. In value, 2018-2024, K $ US
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5.1. Production in Belgium
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, t
- 6.1.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/kg
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, t
- 6.2.2.1. Annual dynamics of product's exports from Belgium in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's exports in kind from Belgium by countries, 2018-2024, t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from Belgium in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from Belgium by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's exports from Belgium, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's exports from Belgium by countries, 2018-2024, $ US/kg
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, t
- 7.1.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/kg
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, t
- 7.2.2.1. Annual dynamics of product's imports to Belgium in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's imports in kind to Belgium by countries, 2018-2024, t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to Belgium in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to Belgium by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's imports to Belgium, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's imports to Belgium by countries, 2018-2024, $ US/kg
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production illuminated signs and name-plates in Belgium
In value, 2017-2020, K $ US
Annual dynamics of production in Belgium in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Exports illuminated signs and name-plates from Belgium
Exports in kind, t
The data shows irregular changes, indicating a volatile market environment. In 2018, volumes reached their lowest point, while they peaked in 2017, with a 37-fold difference between these years. In 2020, Belgium exported 461 tonnes of illuminated signs and name-plates, marking a 44.2% increase compared to the previous year. The minimum volume was recorded in 2018 at 275 tonnes, and the largest decline occurred in 2018, with a drop of 97.3%.
Annual dynamics of product's exports from Belgium in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (97.3%) | 16.4% | 44.2% | (64.2%) |
From 2017 to 2020, the United Kingdom was the primary buyer of illuminated signs and name-plates from Belgium, accounting for 87.6% of total exports in kind, while a diverse group of other countries made up the remaining share.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from Belgium in kind, 2017-2020
Exports in value, K $ US
After a two-year increase, exports of illuminated signs and name-plates from Belgium declined. In 2020, exports totaled 11 161 thousand US dollars, down by 2.1% from the previous year. Between 2017 and 2020, exports grew by 17.4%, equivalent to an annualized rate of 5.5%. The highest value was recorded in 2019 at 11 400 thousand US dollars, and the largest increase occurred in 2019, with a rise of 19.3%.
Annual dynamics of product's exports from Belgium in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.5% | 19.3% | (2.1%) | 5.5% |
From 2017 to 2020, France, Germany, and the Netherlands led the export structure in value terms, with shares of 47.8%, 13.6%, and 11.3% respectively, collectively representing 72.7% of total flows.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Belgium in value, 2017-2020
Imports illuminated signs and name-plates to Belgium
Imports in kind, t
Imports of foreign illuminated signs and name-plates into Belgium declined for the second consecutive year. In 2020, imports amounted to 339 tonnes, reflecting a sharp drop of 37.6% from 2019. Over the period from 2017 to 2020, imports decreased by 40.2%, with a compound annual growth rate of 15.8%. The maximum volume was recorded in 2018 at 797 tonnes, and the largest increase occurred in 2018, with a rise of 40.6%.
Annual dynamics of product's imports to Belgium in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 40.6% | (31.9%) | (37.6%) | (15.8%) |
From 2017 to 2020, France, China, and the Netherlands were the main sources for imports in kind of illuminated signs and name-plates to Belgium, with shares of 22.8%, 15.8%, and 13.7% respectively, jointly accounting for 52.4% of total flows.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Belgium in kind, 2017-2020
Imports in value, K $ US
Imports of foreign illuminated signs and name-plates into Belgium declined for the third consecutive year. In 2020, imports totaled 9 596 thousand US dollars, showing a sudden decrease of 31.5% compared to 2019. Over the period from 2017 to 2020, imports fell by 67.8%, with a compound annual growth rate of 31.5%.
Annual dynamics of product's imports to Belgium in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (12.9%) | (46.1%) | (31.5%) | (31.5%) |
From 2017 to 2020, the three largest markets—Slovakia, France, and the Netherlands—dominated imports in value terms, together accounting for 71.4% of total flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Belgium in value, 2017-2020
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