Key Market Indicators
Benin's lighting import market is projected to rise significantly, reaching approximately $1.14 million by 2028. This marks an increase from the current level of roughly $945,000 in 2023, with an average annual growth rate of 3%. Historical data reveals that Beninese demand for lighting products has been on a steady upward trajectory, growing by 0.5% year on year since 2003. In contrast, Benin's lighting export market is expected to experience a slight decline. By 2028, exports are forecasted to decrease to around $26,700, down from about $27,600 in 2023. This represents an average annual decline rate of 0.5%. Since 2013, the supply of lighting products from Benin has been decreasing at an annual rate of 0.7%, reflecting a longer-term downward trend in export levels.
