Key Market Indicators
Montenegro's lighting import sector is projected to reach approximately $7.8 million by the year 2028, up from nearly $6.8 million in 2023. This represents an annual growth rate of 2.3%. The demand for lighting in Montenegro has been steadily increasing at an average rate of 0.9% per year since 2011. On the export front, Montenegrin lighting exports are expected to climb to around $50,000 by 2028, rising from about $45,000 in 2023. The export market is anticipated to grow at an annual rate of 1.7%. Since 2011, the supply of lighting products from Montenegro has seen a modest average annual increase of 0.5%.
