The forecast for the export of electric lamps and lighting fittings from South Korea shows a steady upward trend from 2024 to 2028. In 2023, the actual export volume was 8.718 million kilograms. The projected values for subsequent years are 8.8184 million kilograms in 2024, 8.9261 million kilograms in 2025, 9.0315 million kilograms in 2026, 9.1349 million kilograms in 2027, and 9.2362 million kilograms in 2028. The year-on-year percentage variation reveals a gradual increase, indicating a stable growth trajectory.
Key trends and variations:
- 2023 to 2024: 1.15% increase
- 2024 to 2025: 1.22% increase
- 2025 to 2026: 1.18% increase
- 2026 to 2027: 1.14% increase
- 2027 to 2028: 1.11% increase
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.16%, showing a consistent upward trend.
Future trends to watch for include the impact of technological advancements in energy-efficient lighting, global economic conditions, and trade policies that could influence production and export dynamics. Additionally, evolving consumer preferences towards smart and sustainable lighting solutions may offer new growth opportunities.
