Key Market Indicators
Guatemala's lighting import market is projected to experience significant growth, with estimates indicating an increase to approximately $19.3 million by 2028. This marks a rise from the current $16.3 million in 2023, representing a compound annual growth rate (CAGR) of 2.6%. Notably, Guatemalan demand for lighting has shown a consistent upward trend, increasing by an average of 4% year on year since 1998. On the export front, Guatemala's lighting exports are also set to grow, albeit at a more modest pace. Projections suggest that lighting exports will reach around $353,000 by 2028, up from $315,000 in 2023. This reflects an average annual growth rate of 1.8%. Since 1998, the country's supply of lighting products has increased steadily, with an average year-on-year growth of 2.6%.
