Key Market Indicators
Macedonian Lighting Sales are projected to decline to approximately €2 million by 2028 from around €2.3 million in 2023, marking an average annual decrease of 1.9%. The Macedonian market has experienced a downward trend since 2016, with a year-on-year decrease of 6.4%. In 2023, Macedonia ranked 28th in lighting sales, with Malta surpassing it at €2.3 million. The Netherlands, Italy, and the Czech Republic secured the second, third, and fourth positions, respectively. On the import front, Macedonian Lighting Imports are expected to climb to about $8 million by 2028 from nearly $7 million in 2023, reflecting an average annual growth rate of 2.2%. Since 1999, the demand for lighting imports in Macedonia has seen a slight increase of 0.5% annually. However, Macedonian Lighting Exports are forecasted to plummet to roughly $44,000 by 2028 from approximately $149,000 in 2023, exhibiting a steep average annual decline of 19.2%. Despite this, the supply of lighting exports from Macedonia has grown by 5.8% annually since 1999.
