The import of electric table, desk, bedside, and floor lamps to the Philippines is forecasted to continue its upward trend from 2.1879 million kilograms in 2024 to 2.3063 million kilograms in 2028. This steady growth indicates a consistent year-on-year increase ranging from approximately 1.4% to 1.7% annually. In 2023, the actual import volume was slightly lower than the forecasted data for 2024, demonstrating positive growth expectations.
Key trends to watch include advancements in smart lighting technology, increasing consumer preference for energy-efficient products, and potential shifts in supply chain dynamics due to geopolitical factors. These trends could either accelerate or dampen the forecasted growth rate in the coming years.
