In 2023, the value of electric lamp and lighting fitting imports to Saudi Arabia stood at 207.5 million US Dollars. From 2024, forecasted values show a consistent growth pattern: 212.65 million USD in 2024, 217.9 million USD in 2025, 223.05 million USD in 2026, 228.1 million USD in 2027, and 233.04 million USD in 2028.
Year-on-year variations demonstrate a stable upward trend:
- 2024: 2.48%
- 2025: 2.47%
- 2026: 2.37%
- 2027: 2.26%
- 2028: 2.17%
The Compound Annual Growth Rate (CAGR) over the five years from 2023 to 2028 is approximately 2.35%, indicating a steady average annual growth in import values.
Future trends to watch for include advancements in energy-efficient lighting, increasing government investments in infrastructure, and potential shifts towards more sustainable and smart lighting technologies. These factors could significantly influence both the volume and value of imports in this sector.
