The import of electrical lighting or signalling equipment to South Africa stood at $133.25 million in 2023. Forecasted values suggest a steady increase annually with figures reaching $137.21 million in 2024, $140.2 million in 2025, $143.13 million in 2026, $145.99 million in 2027, and $148.8 million in 2028. The year-on-year variation shows an increase of approximately 2.99% from 2023 to 2024, and 2.18% from 2024 to 2025. Over a 5-year period, the Compound Annual Growth Rate (CAGR) stands at about 2.23%.
Future trends to watch for include technological advancements driving demand for more efficient and smart lighting solutions, potential economic fluctuations influencing imports, and regulatory changes that could impact market dynamics. Additionally, developments in sustainable energy and lighting products could also affect import patterns going forward.