The import value of chandeliers and other electric ceiling or wall lights to the Philippines in 2023 stood at 27.2 million kilograms. Starting in 2024, the forecasted data shows a consistent increase over the next five years, with imports expected to rise from 28.468 million kilograms in 2024 to 33.491 million kilograms by 2028.
Year-on-year variation shows a general upward trend:
- 2024: 5%
- 2025: 4.5%
- 2026: 4.3%
- 2027: 4%
- 2028: 3.8%
The compound annual growth rate (CAGR) over the five-year period is projected at approximately 4.3%.
Future trends to watch for include advancements in energy-efficient lighting technology, shifts in consumer preferences towards smart home solutions, and potential changes in trade policies that could influence import dynamics.
