The re-import of electric lamps and lighting fittings to Canada is projected to rise steadily, beginning at 3.1075 million USD in 2024 and reaching 3.7721 million USD by 2028. In 2023, actual re-imports stood at a lower level, acting as a baseline for these projections.
Forecasts indicate a year-on-year growth of around 5.5% in 2025, followed by gains of approximately 5.1% in each of the subsequent years through 2028. The compound annual growth rate (CAGR) over this five-year period is expected to be about 5.2%.
Future trends to watch include:
- Technological advancements in lighting efficiency driving re-import value.
- Policy changes impacting import tariffs or trade agreements.
- Market demand fluctuations in Canadian infrastructure and residential sectors.
