Key Market Indicators
Hungarian Lighting Sales experienced a significant decline in 2020, dropping to €526 million from €716 million in 2019. This marked a decrease of 27% compared to the previous year. However, since 2013, the Hungarian market has shown a consistent growth trend, averaging a year-on-year increase of nearly 10%. In terms of exports, the Hungarian lighting sector is projected to reach $236 million by 2028, up from $190 million in 2023. This represents an annual growth rate of 3.4%. Since 1997, Hungarian lighting supply has consistently grown at an annual rate of 3.7%. On the import side, the Hungarian lighting market is expected to hit $111 million by 2028, rising from $103 million in 2023. This reflects an average annual growth rate of 1.2%. Hungarian demand for lighting products has increased by 2.6% per year since 1997.
