Key Market Indicators
Nepal's lighting export sector experienced a significant decline in 2023, dropping to approximately $567,000. This marks a 21.3% decrease from the previous year's total of around $721,000. The downturn is part of a longer-term trend, with the nation's lighting exports falling by an average of 16.2% each year since 2014. In contrast, Nepal's lighting import market is on an upward trajectory. Projections indicate that imports will reach nearly $14.3 million by 2028, up from about $12 million in 2023. This represents an average annual growth rate of 2.7%. Since 2014, the demand for imported lighting in Nepal has been increasing at an average rate of 4.2% per year.
