Key Market Indicators
Sri Lankan lighting imports are projected to reach approximately $16.3 million by 2028, rising from $13.8 million in 2023. This marks an average annual growth rate of 2.5%. The demand for lighting in Sri Lanka has shown a consistent increase of 3.9% annually since 1999. Conversely, Sri Lankan lighting exports are expected to experience a slight decline. Projections indicate that exports will decrease to around $1.86 million by 2028, down from $1.87 million in 2023, reflecting an average annual decline of 0.1%. Since 1999, the supply of Sri Lankan lighting products has similarly decreased at an annual rate of 0.1%.
