Key Market Indicators
Armenian Lighting Export is projected to reach approximately $10.2 million by 2028, up from $8.9 million in 2023. This represents an average annual growth rate of 2.2%. Despite the current upward trend, the long-term picture tells a different story. Since 2002, Armenian lighting supply has decreased by an average of 9.6% per year. On the import side, Armenian Lighting Import is expected to hit around $7.6 million by 2028, rising from $6.3 million in 2023. This equates to an average annual growth rate of 3%. Since 2002, the demand for lighting imports in Armenia has seen a steady increase, growing at an average rate of 4.3% per year.
