In 2024, the forecast for the re-import of fluorescent hot cathode lamps to Canada is 523.21 thousand units, down from 580.00 thousand in 2023. This reflects a year-on-year decrease of approximately 9.8%. The value is expected to decline each year, reaching 270.26 thousand units by 2028. The annual average decline (CAGR) from 2024 to 2028 is 15.2%, indicating a consistent downtrend.
Future trends to watch for:
- Increasing adoption of energy-efficient lighting alternatives such as LED lamps, which may accelerate the decline.
- Government policies promoting sustainable products could further impact the re-import of fluorescent lamps.
- Technological advancements or shifts in consumer preferences may also influence these trends significantly.
