The export of electric lamps and lighting fittings from the Philippines is forecasted to grow steadily from 2024 to 2028, with volume values rising from 621.98 thousand kilograms in 2024 to 651.84 thousand kilograms in 2028. Based on the forecast data, the year-on-year growth rates are as follows: 2024-2025 (1.24%), 2025-2026 (1.2%), 2026-2027 (1.16%), and 2027-2028 (1.12%). The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.18%.
Key trends indicate a consistent upward trajectory in export volumes, highlighting stability in production and potential increases in demand from global markets. Future trends to watch include technological advancements in lighting, shifting consumer preferences towards energy-efficient solutions, and potential impacts of global trade policies on export dynamics.
