Key Market Indicators
New Caledonia's lighting import market is projected to reach approximately $9.3 million by 2028, a notable increase from around $8.1 million in 2023. This represents a compound annual growth rate (CAGR) of 2.3%. Since 2004, the demand for lighting in New Caledonia has been on the rise, showing an average annual growth of 3.5%. On the export front, the situation is starkly different. In 2015, New Caledonia's lighting exports plummeted to nearly $4,200, a steep drop from about $12,000 in 2014. This marked a 65.1% decrease compared to the previous year. Since 2004, the supply of lighting exports from New Caledonia has been in decline, falling at an average rate of 4.7% annually.
