In 2023, the import value of electric lamps and lighting fittings to China stood at $334 million. Forecast data from 2024 to 2028 indicates a steady growth trajectory, with the import value projected to reach $384.77 million by 2028. This marks a gradual year-on-year increase, averaging a CAGR of approximately 3% over the five-year period. Such growth reflects the consistent domestic demand for lighting solutions.
Future trends to watch for include:
- The impact of new energy-efficient technologies on import volumes.
- Potential shifts in supply chains influenced by geopolitical factors.
- Changes in consumer preferences towards smart and customized lighting solutions.