Key Market Indicators
Thailand's lighting export market is projected to hit approximately $33.7 million by 2028, up from an estimated $30.2 million in 2023. This represents a compound annual growth rate (CAGR) of 1.7%. Historical data indicates that Thai lighting supply has seen a consistent annual increase of 2.6% since 1994. On the import front, Thailand's lighting market is expected to surge to around $193.7 million by 2028, compared to $161.8 million in 2023. This translates to a CAGR of 2.8%. Since 1993, the demand for lighting imports in Thailand has experienced a robust annual growth rate of 4.2%. These figures highlight the steady expansion of both the import and export sectors within Thailand's lighting industry over the past decades.
