The import of electrical lighting or signalling equipment to Malaysia is forecasted to increase steadily from 2024 to 2028. In 2024, the value is projected to be 282.19 million USD, rising to 291.74 million USD in 2025, 301.1 million USD in 2026, 310.28 million USD in 2027, and reaching 319.27 million USD in 2028. In 2023, the actual import value stood at 273.0 million USD. The year-on-year growth rate for 2024 is approximately 3.36%, for 2025 it is 3.38%, for 2026 it is 3.21%, for 2027 it is 3.14%, and for 2028 it is 2.90%. The average variation per year over the last 5 years (CAGR) is about 3.20%.
Future trends to watch for include emerging technologies in lighting and signalling equipment, changes in regulatory standards, and shifts in consumer preferences towards energy-efficient and smart lighting solutions. Potential trade policies and economic conditions may also impact import volumes and values.
