In 2023, Malaysia imported lamps and lighting fittings valued at 302.40 million USD. The forecasted data from 2024 to 2028 indicate a steady year-on-year increase in import values. The import value is expected to rise from 314.72 million USD in 2024 to 360.71 million USD by 2028.
Year-on-year percentage variations are as follows:
- 2024: +4.09%
- 2025: +3.76%
- 2026: +3.56%
- 2027: +3.37%
- 2028: +3.20%
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 3.60%.
Future trends to watch for include technological advancements in energy-efficient lighting solutions, smart lighting systems integration, and evolving consumer preferences towards sustainable and eco-friendly products. These factors are likely to drive further market growth and shifts in import patterns.
