Key Market Indicators
Vincentian Lighting Import is projected to reach approximately $2 million by 2028, up from nearly $1.8 million in 2023. This signifies a consistent annual growth rate of 1.7%. Since 1998, the demand for lighting in Saint Vincent and the Grenadines has seen a steady increase of 1.7% each year. In contrast, the country's lighting exports have faced a significant decline. In 2018, lighting exports totaled roughly $8,500, a sharp drop from the $23,500 recorded in 2017. This represents a decrease of 63.6% year-over-year. Since the year 2000, Vincentian lighting supply for export has diminished by an average of 32% annually.
