Key Market Indicators
Chilean lighting exports are projected to decline slightly, reaching approximately $2.35 million by 2028. This marks a decrease from the $2.36 million expected in 2023, translating to an average annual decline of 0.1%. Despite this downturn, Chilean supply has shown a consistent upward trend, increasing by an average of 2.2% annually since 1995. Conversely, Chilean lighting imports are on the rise. These imports are anticipated to hit around $181.66 million by 2028, up from $152.42 million in 2023. This represents a compound annual growth rate (CAGR) of 2.8%. Over the long term, since 1995, Chilean demand for lighting imports has seen a steady growth of 2.9% per year.
