Key Market Indicators
Portuguese lighting sales are projected to reach approximately €168 million by 2028, up from around €167 million in 2023, reflecting an average annual growth rate of 0.1%. Since 2015, the Portuguese market has seen a year-on-year increase of 1.6%. In 2023, Portugal ranked 18th in the global market, with Serbia surpassing it at €167 million. The Netherlands, Italy, and the Czech Republic secured the 2nd, 3rd, and 4th positions, respectively. In terms of exports, Portuguese lighting products are expected to reach about $54 million by 2028, rising from nearly $48 million in 2023. This marks an annual compound growth rate (CAGR) of 1.9%. Since 1993, Portugal's lighting exports have grown by 3.3% year-on-year. On the import side, Portuguese lighting imports are forecasted to hit approximately $123 million by 2028, up from $107 million in 2023, with a CAGR of 2.2%. Since 1993, the demand for lighting imports in Portugal has increased by 2.5% annually.
