The import of lamps and lighting fittings to Australia is forecasted to grow from 1.2494 billion USD in 2024 to 1.3957 billion USD in 2028. This represents an annual growth rate of approximately 3%, depicting a steady upward trend. In 2023, the value stood at 1.2151 billion USD, showing consistent year-on-year variations of around 3% to 3.5% in the subsequent years.
Future trends to watch for:- Growth in smart lighting solutions driven by technological advancements.- Increasing demand for energy-efficient and sustainable lighting products.- Impact of global trade policies on import costs and supply chain dynamics.- Expanding construction activities leading to higher demand in residential and commercial sectors.
