Key Market Indicators
Paraguay's lighting import market is projected to reach $8.9 million by 2028, climbing from $7.5 million in 2023. This growth represents an average annual increase of 2.8%. Since 1994, the demand for lighting products in Paraguay has been increasing at an average rate of 2.3% per year. On the export front, Paraguayan lighting exports are expected to rise to $129,000 by 2028, up from $117,000 in 2023. This marks a compound annual growth rate (CAGR) of 1.5%. Since 2008, Paraguay's supply of lighting products has seen a robust annual growth rate of 22.7%.
