Key Market Indicators
Japanese lighting exports are projected to hit $75 million by 2028, up from $72 million in 2023. This marks an average annual growth rate of 0.6%. However, since 1993, the nation's lighting supply has seen a yearly decline of 0.7%. Meanwhile, Japanese lighting imports are expected to surge to $532 million by 2028, a significant rise from $464 million in 2023. This reflects an average yearly growth rate of 2.1%. Since 1993, Japan's demand for lighting imports has increased by an average of 3.6% annually.
