The import of parts of electric filament or discharge lamps to France was valued at $15 million in 2023. Forecasts for the period 2024 to 2028 indicate a gradual decline, with each subsequent year experiencing a reduction in value: from $14.626 million in 2024 to $11.92 million in 2028. This trend reflects a year-on-year decrease, highlighting a diminishing market demand or potential shifts in industry dynamics. Over this period, the compound annual growth rate (CAGR) indicates an average annual decrease, underscoring a consistent decline in imports.
- From 2024 to 2025: A reduction in imports by approximately 4.8% is anticipated.
- From 2025 to 2026: The decrease continues with a forecasted decline of roughly 4.9%.
- From 2026 to 2027: A similar trend persists with a reduction expected at about 5.1%.
- From 2027 to 2028: The downward trajectory remains steady with a forecasted fall of 5.2%.
Future trends to watch for include advancements in LED technology and EU regulatory changes, which could further impact the demand and supply chain dynamics in the electric lamp parts market. Additionally, shifts towards sustainable energy solutions might drive further declines in traditional lamp components.
