Based on the data provided, imports of electric table, desk, bedside and floor lamps to Singapore are forecasted to increase slightly over the next five years. In 2023, the actual import value stood at 10.774 million USD. For the period from 2024 to 2028, values are expected to rise from 10.793 to 10.868 million USD.
The year-on-year variation shows a consistent but marginal increase:
- 2024-2025: 0.18%
- 2025-2026: 0.18%
- 2026-2027: 0.18%
- 2027-2028: 0.17%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.18%. The trend indicates a steady, albeit minimal, growth in imports.
Future trends to watch for include advancements in smart lighting technology and increased consumer demand for energy-efficient lighting solutions, which could drive further growth in this sector.
