The forecast for the import of electric lamps and lighting fittings to South Africa shows a steady upward trend from 2024 to 2028, starting at 115.32 million USD in 2024 and rising to 126.94 million USD by 2028. The year-on-year percentage variation is observed to be 2.60% from 2024 to 2025, 2.48% from 2025 to 2026, 2.37% from 2026 to 2027, and 2.27% from 2027 to 2028. Looking back to actual data from 2023, we see that imports stood at 112 million USD.
Key Variations:
- 2024-2025: +2.60%
- 2025-2026: +2.48%
- 2026-2027: +2.37%
- 2027-2028: +2.27%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 2.43%.
Future trends to watch for include advancements in energy-efficient lighting technologies, government policies on energy consumption, and fluctuations in the global supply chain that could affect import volumes and costs. Taking these factors into account could provide insights into further growth or potential challenges in the market.