Key Market Indicators
New Zealand's lighting export market is projected to contract slightly over the next five years. By 2028, the export value is expected to fall to approximately $19 million, down from nearly $20 million in 2023. This represents an average annual decrease of 0.3%. Since 1994, New Zealand's lighting supply has been on a gradual decline, averaging a 0.6% decrease per year. In contrast, the country's lighting import market is on a growth trajectory. Imports are forecast to reach around $159 million by 2028, up from about $131 million in 2023. This marks an average annual growth rate of 3%. Over the past few decades, New Zealand's demand for lighting imports has steadily increased, showing an average annual rise of 3.9% since 1994.
