The import of lamp and lighting fitting parts of glass to Malaysia has shown considerable volatility over the years. In 2023, imports stood at 4,103.9 thousand US dollars. The trend exhibited substantial fluctuations, with significant rises in 2016 and 2018, and some declines in 2015 and 2020. Over the last two years, the year-on-year variation was 3.66% in 2022 and 5.31% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years was 2.75%, indicating a modest overall growth.
Looking forward, the forecasted data from 2024 to 2028 suggests a steady increment with a 5-year CAGR of 3.66%, leading to an overall growth rate of 19.67% by 2028. Key future trends to watch for include technological advancements in lighting, changes in consumer preferences towards energy-efficient lighting, and potential trade policy impacts. Monitoring these factors will be crucial in understanding and predicting future import patterns.
