Key Market Indicators
**Bosnian Lighting Sales Projected to Decline by 2028** Bosnia's lighting sales are projected to drop to €2.8 million by 2028, down from €4 million in 2023, marking a year-on-year compound annual growth rate (CAGR) decline of 5.4%. Since 2019, the Bosnian market has experienced a yearly decrease of 7.8%. In 2023, Bosnia ranked 26th in the global market, with Ireland surpassing it with €4 million in sales. The Netherlands, Italy, and the Czech Republic occupied the second, third, and fourth positions, respectively. **Bosnian Lighting Exports Expected to Decrease** Bosnia's lighting exports are forecasted to fall to $916,500 by 2028 from $1,394,700 in 2023, representing a 6.7% year-on-year CAGR decline. Since 2008, Bosnian lighting supply has decreased by 9.2% annually. **Bosnian Lighting Imports on the Rise** In contrast, Bosnia's lighting imports are expected to grow, reaching $19.4 million by 2028 from $16.5 million in 2023, with an average annual growth rate of 2.6%. Since 2008, the country's demand for lighting imports has increased by 4.5% per year.
