In 2023, Canada's import of electrical lamp-holders under 1,000 volts saw notable figures, setting a benchmark for future projections. From 2024 to 2028, a consistent decline is forecasted, from $3.551 million in 2024 to $1.880 million by 2028, reflecting a negative trend in market demand or shifts towards alternative technologies.
Key trends include:
- A significant year-on-year decrease in imports is projected.
- The compounded annual growth rate (CAGR) over the five years shows a negative trajectory.
Future trends to watch for include technological advancements in energy-efficient alternatives, policy changes affecting imports, and domestic production capabilities that could alter import needs.
