Key Market Indicators
Namibian lighting imports are projected to climb to $11 million by 2028, up from approximately $10.4 million in 2023. This marks an average annual growth rate of 1%. Since 2005, the demand for lighting in Namibia has increased by an average of 1.4% each year. Conversely, Namibian lighting exports are expected to decline sharply. By 2028, exports are forecasted to drop to $122,000, down from nearly $220,000 in 2023. This represents an average annual decrease of 9.3%. Since 2005, the country's supply of lighting products has diminished at an average rate of 5.6% per year.
