Key Market Indicators
Vietnam's lighting export market is projected to soar to approximately $133 million by 2028, up from around $108 million in 2023. This marks an average annual growth rate of 3.3%. Since 2006, the country's lighting supply has seen a steady increase, growing at an average rate of 5.6% per year. On the import side, Vietnamese lighting imports are expected to climb to nearly $259 million by 2028, a significant rise from about $206 million in 2023. This reflects an average annual growth rate of 3.5%. Since 2005, the demand for imported lighting in Vietnam has been on the rise, with an average yearly growth rate of 6%.
