The import of lamp and lighting fitting parts of plastics to China is projected to decline steadily from 528.69 thousand kilograms in 2024 to 338.37 thousand kilograms in 2028. The data indicates a clear downward trend, with year-on-year decreases: -9.27% in 2025, -10% in 2026, -10.91% in 2027, and -11.99% in 2028. Given the lack of data for 2023, this specific YoY analysis begins from 2024. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is negative, highlighting the overall declining trend for this forecast period.
Future trends to watch for:
- The increasing adoption of energy-efficient technologies and materials may contribute to this downward trend as alternatives gain popularity.
- Domestic production advancements could reduce reliance on imports, further impacting volumes.
- Environmental regulations and policies promoting sustainable materials usage may alter market dynamics.
