The import of electric table, desk, bedside, and floor lamps to Malaysia stood at $6.813 million in 2023. The forecasted data for the years 2024 to 2028 shows a steady increase in value from $6.976 million in 2024 to $7.603 million in 2028. The year-on-year variation from 2024 to 2025 is approximately 2.31%, from 2025 to 2026 is around 2.22%, from 2026 to 2027 is roughly 2.13%, and from 2027 to 2028 is about 2.04%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated at 2.19%.
Future trends to watch for include technological advancements in lighting efficiency, the impact of import tariffs and trade policies, and changes in consumer preferences towards sustainable and smart lighting solutions. Monitoring these factors will be crucial for anticipating market shifts and understanding the demand dynamics in the lighting industry in Malaysia.
