The forecast for the import of non-electrical lamps and lighting fittings to the US from 2024 to 2028 shows a gradual decrease in volume. In 2023, this volume stood at 44.89 million kilograms. Starting in 2024, the volume is expected to decline by around 2.57% annually. Over the entire forecast period, the imports are set to decrease steadily, with a Compound Annual Growth Rate (CAGR) of approximately -2.53%, reflecting a consistent downward trend.
Future trends to watch for:
- Shifting consumer preferences towards more energy-efficient and modern lighting solutions.
- Potential changes in trade policies or manufacturing costs affecting import volumes.
- Technological advancements in lighting creating substitutes for traditional non-electrical lamps.