Key Market Indicators
Jamaican lighting imports are projected to climb to approximately $20.2 million by 2028, up from around $16.8 million in 2023. This marks an annual compound growth rate (CAGR) of 2.9%. Since 1996, the demand for lighting products in Jamaica has grown at an average rate of 4.6% per year. In contrast, Jamaican lighting exports are expected to decline to roughly $213,000 by 2028, from about $273,000 in 2023. This represents an average annual decrease of 4%. Since 1996, the supply of lighting products for export from Jamaica has been decreasing at an average rate of 3.9% per year.
