The forecast for the export of electric lamps and lighting fittings from Australia indicates a steady upward trend from 2024 to 2028. The value in 2023 stood at 46.35 million USD, marking the base for calculating future growth. Comparing year-on-year, the export value is projected to increase by approximately 2.36% from 2024 to 2025, by 2.25% from 2025 to 2026, by 2.16% from 2026 to 2027, and by 2.07% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 2.21%.
Future trends to watch for include technological advancements in lighting technology, potential shifts in global trade policies, and changes in international demand driven by the transition to energy-efficient lighting solutions. Keeping an eye on these factors will help anticipate shifts in export dynamics.
