As of 2023, the import value of windows, French-windows, and their frames of wood to Serbia was $2 million. Forecast data for 2024 to 2028 indicates a slight but consistent year-on-year decrease. By 2028, the import value is projected to decrease to $1.8354 million, representing a compound annual growth rate (CAGR) of approximately -1.44% over the five-year period.
Future trends to watch for:
- A continued decline in import values may suggest increased local production or substitution with alternative materials.
- Economic, regulatory, or environmental changes might impact both import levels and material preference.
- Changes in consumer preferences towards eco-friendly or energy-efficient alternatives could further influence market dynamics.