In 2023, the import value of windows, French-windows, and their frames of wood to the Philippines was below $670,240. Forecasted data shows a steady increase in import value for the years 2024 through 2028, with the value reaching $714,320 in 2028. Annually, the import values are projected to rise as follows: 2024 (1.68%), 2025 (1.62%), 2026 (1.63%), 2027 (1.58%), and 2028 (1.52%). The compound annual growth rate (CAGR) over these five years is approximately 1.61%.
Future trends to watch include:
- Potential impacts of technology and design trends on material preference, affecting wood demand.
- Trade policies and tariffs between the Philippines and exporting countries.
- Local sourcing initiatives potentially influencing import volumes.
