Key Market Indicators
Belgian lighting sales are projected to plummet to around €232 million by 2028, down from approximately €389 million in 2023. This translates to an average annual decline of 8.3%. The Belgian lighting market has been on a downward trajectory since 2014, with a consistent year-on-year decrease of 4.5%. In 2023, Belgium ranked 12th in the global market, with Sweden leading the pack at roughly €389 million. The Netherlands, Italy, and the Czech Republic took the second, third, and fourth spots, respectively. On the import front, Belgian lighting imports are expected to rise to nearly $346 million by 2028, up from about $311 million in 2023. This represents a compound annual growth rate (CAGR) of 1.7%. Since 2004, demand for lighting in Belgium has grown annually by 2.4%. Meanwhile, Belgian lighting exports are set to increase to approximately $236 million by 2028, from nearly $219 million in 2023. This indicates an average annual growth rate of 1.1%. Since 2004, the country's lighting supply has seen a year-on-year growth of 1.6%.
