In 2023, the import value of electric table, desk, bedside, and floor lamps to China was estimated at USD 23.84 million. The forecast for 2024 predicts imports will rise to USD 24.688 million, marking a year-on-year increase of approximately 3.56%. This positive growth trend is expected to continue, with a year-on-year rise of roughly 3.89% in 2025, and even further increases in subsequent years. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is projected at approximately 3.5%, indicating a steady upward trend in importation.
Future trends to watch for include advancements in energy-efficient lighting technology and increasing consumer demand for smart home integrations, potentially driving further import growth. Additionally, policy changes or economic factors could impact long-term import dynamics.
