The forecast for the export of electric lamps and lighting fittings from China indicates growth from 2024 to 2028. In 2023, the export volume stood at 1.7102 billion kilograms. The forecasted data shows a consistent increase in export volume: 1.7843 billion kilograms in 2024, 1.8471 billion kilograms in 2025, 1.9087 billion kilograms in 2026, 1.9691 billion kilograms in 2027, and 2.0282 billion kilograms in 2028. This series reflects a year-on-year growth rate variation of approximately 3.5% to 3.7%, with a CAGR of 3.54% over the entire forecast period.
Future trends to watch for include:
- Technological advancements in LED and smart lighting systems.
- Changes in global energy policies promoting energy-efficient lighting solutions.
- Potential impacts of trade policies and tariffs on international trade relations.
- Growing demand from emerging markets looking to modernize infrastructure.
- Fluctuations in raw material prices affecting the production cost and export volume.