China's actual imports of chandeliers, other electric ceiling, or wall lights had reached 59.45 million USD in 2023. The forecast for 2024 to 2028 indicates a consistent upward trend with import values expected to grow from 61.469 million USD in 2024 to 69.935 million USD by 2028. This represents an average annual growth rate (CAGR) of approximately 4.1% over the five-year period.
- Year-on-year growth from 2024 to 2025 is expected to be 3.55%
- From 2025 to 2026 a growth rate of 3.36% is forecasted
- The forecasted growth from 2026 to 2027 stands at 3.18%
- From 2027 to 2028, the growth rate is projected to be 3.02%
- The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is 4.1%
Future trends to watch for include potential impacts of economic policies, shifts towards sustainable and smart lighting solutions due to increasing environmental awareness, and fluctuations in international trade relationships affecting market stability and prices.
