Key Market Indicators
Omani lighting exports are projected to reach approximately $4.24 million by 2028, up from around $3.86 million in 2023. This represents an average annual growth rate of 1.5%. However, it's worth noting that since 1996, Omani lighting supply has seen a slight decline, falling by an average of 1.2% per year. On the import side, Omani lighting imports are expected to climb to nearly $65.87 million by 2028, up from about $61.53 million in 2023. This growth translates to a compound annual growth rate (CAGR) of 1.1%. Since 1994, Omani lighting demand has been on the rise, increasing by an average of 0.7% each year.
