The export value of electric lamps and lighting fittings from Thailand stood at 30.5 million USD in 2023. Analyzing the forecasted data for 2024 to 2028, we can see a steady year-on-year increase. Specifically, the projected export values rise from 30.989 million USD in 2024 to 33.716 million USD in 2028. This translates to a year-on-year percentage growth of approximately 2.27% to 2.65% from 2024 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.23%, signifying consistent growth for the next five years.
Future trends to watch for:
• Increasing adoption of energy-efficient and smart lighting solutions, driven by global environmental initiatives.• Potential market disruptions due to technological innovations in lighting and energy storage.• Emerging markets in ASEAN and beyond, which could further boost Thailand’s export opportunities.
