The import value of non-refillable pocket lighters and gas-fueled lighters to the US in 2023 stood at approximately $147 million. The forecast from 2024 to 2028 shows a steady increase in import values, climbing to $160.46 million by 2028. The year-on-year growth rate is moderate, ranging between 1.7% to 1.8% annually, and the compound annual growth rate (CAGR) over this period is approximately 1.75%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards refillable and eco-friendly options.
- Fluctuations in international trade agreements affecting import duties and costs.
- Advancements in technology leading to more efficient manufacturing processes and product innovations.