Key Market Indicators
Malaysian lighting imports are projected to reach $180 million by 2028, up from $148 million in 2023. This represents an average annual growth rate of 3%. Historical data shows that since 1994, the country's demand for lighting products has increased by 4.6% each year. On the export side, Malaysia's lighting exports are expected to total $14 million in 2023, down from nearly $18 million in 2022. This marks a significant 23.5% decrease compared to the previous year. Since 1994, Malaysian lighting exports have been on a downward trend, falling by an average of 16.3% annually.
