Key Market Indicators
South Africa's lighting export market is projected to grow significantly over the next five years. By 2028, the sector is expected to reach approximately $56 million, up from around $49 million in 2023. This represents a compound annual growth rate (CAGR) of 2.2%. Since 2005, the country's lighting supply has increased by an average of 2.1% each year. On the import front, South Africa's lighting market is also set for substantial growth. Imports are predicted to hit nearly $127 million by 2028, rising from about $112 million in 2023. This marks a CAGR of 1.9%. Since 2005, the demand for lighting imports has grown at an annual rate of 2.9%. These figures highlight the robust growth trajectory of South Africa's lighting industry, both in terms of exports and imports.
