The forecast for the import of lamp and lighting fitting parts, excluding glass or plastic, to the UK indicates a slight decline over the next five years. In 2023, the import volume stood at approximately 12 million kilograms. Year-on-year, the data shows a consistent decrease of around 0.5% to 0.6%. The compound annual growth rate (CAGR) from 2024 to 2028 projects a subtle decline, underscoring a trend towards reduced import volumes in the coming years.
Future trends to watch for include:
- Emerging technologies in lighting that might alter demand.
- Changes in trade policies impacting import levels.
- Potential shifts towards sustainable materials affecting material composition and demand.