Key Market Indicators
Spanish Lighting Sales are projected to hit €3.4 billion by 2028, up from €2.9 billion in 2023, marking an average annual growth rate of 2.7%. The Spanish market has seen modest year-on-year growth of 0.2% since 2013. In 2023, Spain ranked sixth in the market, with Poland surpassing it with the same €2.9 billion figure. The Netherlands, Italy, and the Czech Republic occupied the second, third, and fourth positions, respectively. Imports of lighting into Spain are forecasted to reach $426 million by 2028, rising from $365 million in 2023, with an average annual growth rate of 2.4%. Since 1994, Spain’s demand for lighting imports has increased by 3.4% each year. On the export front, Spanish lighting exports are expected to grow to $523 million by 2028, up from $434 million in 2023, with a compound annual growth rate (CAGR) of 2.9%. Spanish lighting supply has been on the rise, growing 4.4% year on year since 1994.
