In 2023, the import volume of lamp and lighting fitting parts (excluding glass or plastic) to China is projected to serve as a baseline for 2024 forecasts. Starting at 3.4851 million kilograms in 2024, the forecast shows a gradual year-on-year decrease, tapering to 3.1501 million kilograms by 2028. This represents a clear downward trend, indicative of a consistent decrease in demand or potential changes in sourcing preferences. The Compound Annual Growth Rate (CAGR) over these years implies a steady average decline annually.
Future trends to watch include potential shifts in China's domestic production capabilities, changes in lighting technology which might reduce reliance on imports, and broader global economic factors affecting trade dynamics. Monitor advancements in sustainable materials which could reshape industry needs.
