Key Market Indicators
The Panamanian lighting export sector is projected to hit approximately $6.5 million by 2028, up from around $5.3 million in 2023. This marks an annual growth rate of 3.1%. Since 2008, the nation's lighting supply has increased by an average of 5.1% each year. On the import side, Panama's lighting imports are expected to decrease to roughly $2.8 million by 2028, down from about $3.2 million in 2023. This represents an average annual decline of 2%. Since 2000, the country's demand for imported lighting products has dropped by 2.2% annually.
