Key Market Indicators
Zimbabwe's lighting export has experienced a notable decline, dropping to approximately $6,200 in 2023 from around $7,800 in 2022. This represents a sharp decrease of 19.7% compared to the previous year. Over a longer period, since 2000, the country's lighting supply has diminished by an average of 0.6% annually. In contrast, Zimbabwe's lighting imports are on an upward trajectory. Projections indicate that imports will reach roughly $4.3 million by 2028, up from about $3.7 million in 2023. This growth is expected to occur at a compound annual growth rate (CAGR) of 2.3%. Historical data since 2006 shows a consistent increase in demand, with an average annual growth rate of 1.8%.
