The forecasted import of electric filament or discharge lamps to Singapore shows a downward trend from 2024 to 2028, with values decreasing from $80.51 million to $69.344 million. In 2023, the import value stood at $83.509 million. From 2023 to 2024, there is a year-on-year decrease of approximately 3.6%, followed by subsequent declines of roughly 3.57% in 2025, 3.63% in 2026, 3.7% in 2027, and 3.75% in 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately -3.57% per year.
Future trends to watch for include advancements in LED technology and increasing adoption of energy-efficient lighting solutions, which may further dampen the demand for traditional filament or discharge lamps. Additionally, regulatory changes and environmental policies could accelerate this decline.
