Key Market Indicators
Maltese Lighting Sales are projected to reach €2.8 million by 2028, up from €2.3 million in 2023, marking an average annual growth rate of 3.1%. Since 2015, the Maltese market has experienced a significant surge, growing by 26.9% year on year. In the rankings for 2023, Malta secured the 28th spot, with Iceland slightly ahead at €2.3 million. The Netherlands, Italy, and the Czech Republic ranked second, third, and fourth, respectively. Meanwhile, Maltese Lighting Exports are expected to climb to $652,700 by 2028, rising from $545,050 in 2023. This translates to an average annual growth rate of 2.8%. Since 1999, Malta's export supply has consistently increased, posting an annual growth rate of 3.3%. Conversely, Maltese Lighting Imports are anticipated to decline, reaching $4.1 million by 2028 from $4.2 million in 2023, with a compound annual growth rate (CAGR) of -0.5%. Despite this recent downward trend, Maltese demand for lighting products has seen a modest rise of 0.1% year on year since 1999.
