The forecast of Canada's import of lamp and lighting fitting parts, excluding glass or plastic, shows a steady upward trend from 2024 to 2028. The import value is set to increase from 133.13 million USD in 2024 to 141.69 million USD in 2028. This reflects a gradual increase year-over-year with a consistent annual growth rate (CAGR) over the five-year forecast. In 2023, the import value stood at 130 million USD, indicating a continuation of the growth trend from the previous years.
Key future trends to watch include:
- Technological advancements in lighting solutions and their components.
- Potential impacts of trade policies and tariffs between Canada and key exporting countries.
- Shifts in consumer preferences towards energy-efficient and sustainable lighting products.
- Fluctuations in global supply chains affecting import volumes and costs.