In 2023, the import value of lamps and lighting fittings to Vietnam stood at 386.18 million USD. The forecast from 2024 to 2028 shows a consistent year-on-year increase:
● 2024: 402.42 million USD
● 2025: 421.16 million USD
● 2026: 439.52 million USD
● 2027: 457.52 million USD
● 2028: 475.16 million USD
Year-on-year variations indicate robust growth:
● 2024: 4.20%
● 2025: 4.66%
● 2026: 4.36%
● 2027: 4.09%
● 2028: 3.86%
From 2023 to 2028, the compound annual growth rate (CAGR) averages approximately 4.19%, suggesting steady and reliable expansion.
Future trends to watch for include technological advancements in energy-efficient lighting, an increased focus on smart lighting solutions, and policy changes promoting sustainable practices. Market players should also keep an eye on economic factors and foreign trade policies influencing import dynamics.
