The import of electric lamps and lighting fittings to Vietnam is forecasted to increase from 7.9172 million kilograms in 2024 to 9.385 million kilograms in 2028. The growth from 2023 to 2024 is significant due to a post-pandemic recovery in the market. The year-on-year variation shows a steady increase: 4.8% from 2024 to 2025, 4.5% from 2025 to 2026, 4.2% from 2026 to 2027, and 3.9% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately 4.4%.
Future trends to watch for include increased demand driven by urbanization and infrastructure development in Vietnam. Additionally, advancements in energy-efficient lighting technology and government policies promoting sustainable practices are expected to further drive imports. Monitoring these trends will be crucial for stakeholders in the lighting industry.
