The export of electric lamps and lighting fittings from Mexico is on a downward trend. In 2023, the actual volume stood at 11.2918 million kilograms. The forecasted data from 2024 to 2028 shows a consistent decline with a year-on-year variation as follows:
- 2024: -5.34%
- 2025: -5.64%
- 2026: -5.88%
- 2027: -6.10%
- 2028: -6.37%
The Compound Annual Growth Rate (CAGR) over this five-year period is -5.87%, indicating a persistent decrease in export volumes.
Future trends to watch for include shifts in global demand for electric lighting, increased competition from other manufacturing countries, advancements in energy-efficient lighting technologies, and Mexico's capability to adapt to these changing market dynamics.
