The import of fluorescent hot cathode lamps to the Philippines is expected to decrease steadily over the coming years. In 2023, the import value stood at 13.364 million, and forecasted data shows a decline from 2024 to 2028. Specifically, the value is projected to fall from 12.993 million in 2024 to 11.577 million in 2028. This represents a year-on-year decline of approximately 2.8% in 2024, 2.8% in 2025, 2.9% in 2026, and 2.9% in 2027. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately -3.0%.
Future trends to watch for include advancements in LED technology, which could further reduce the demand for fluorescent hot cathode lamps, and any governmental policy changes promoting energy-efficient lighting solutions that could accelerate the decline in imports.
