The import of electric lamps and lighting fittings to Singapore in 2023 stood at approximately 5.13 million kilograms. From 2024 to 2028, there is a forecasted, consistent decline in import volumes. Notably, from 2024 to 2025 the volume is expected to decrease by roughly 2.5%, with subsequent annual declines averaging around 2.5% as well. Over the entire forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) shows an average year-on-year decrease of about 2.5%.
Future trends to watch for include advancements in energy-efficient LED technology, shifts towards smart lighting solutions, and potential changes in regulatory standards aiming at sustainability which could impact import volumes and market dynamics in Singapore.
