Key Market Indicators
Aruban Lighting Export is projected to grow steadily over the next five years. The export value, currently at approximately $18,000 in 2023, is expected to reach around $20,800 by 2028. This represents an average annual growth rate of 2.3%. However, it is worth noting that since 2014, the supply from Aruba has seen a yearly decline of 2.2%. In contrast, the import side of the market tells a different story. Aruban Lighting Import is anticipated to increase modestly, with values rising from about $1.62 million in 2023 to approximately $1.70 million by 2028. This reflects an average annual growth rate of 0.7%. Despite this projected growth, the demand for lighting imports in Aruba has experienced a slight decline, decreasing by 1% annually since 2014.
