Key Market Indicators
Saudi Arabia's lighting export market is projected to swell to approximately $18 million by 2028, up from around $15 million in 2023, marking an average annual growth rate of 2.9%. This steady increase follows a long-term trend, where Saudi lighting supply has been growing at a modest 0.2% year on year since 1996. On the import front, Saudi Arabia is expected to see its lighting import values climb to about $233 million by 2028, a rise from $207 million in 2023. This growth reflects a compound annual growth rate (CAGR) of 1.9%. Historically, Saudi demand for lighting products has shown a more robust upward trajectory, increasing by 2% annually since 1996.
