Key Market Indicators
Mongol Lighting Import is projected to decline to approximately $2.2 million by 2028, down from $2.6 million in 2023. This represents an average yearly decrease of 2.9%. The demand for lighting in Mongolia has been consistently dropping, with a year-on-year decline of 5.1% since 2001. In contrast, Mongol Lighting Export saw a significant jump in 2018, reaching close to $1,000 from $740 in 2017. This marks an impressive 33.6% increase over the year. However, the overall supply of lighting from Mongolia has been on a downward trend, decreasing by 19.7% annually since 2001.
