In 2023, the import volume of windows, French-windows, and their frames of wood to Guyana stood at X thousand kilograms. By analyzing the forecast from 2024 to 2028, there's a clear downward trend in import volumes, decreasing from 9.36 thousand kilograms in 2024 to 8.6 thousand kilograms in 2028.
The year-on-year variation indicates a gradual decline in imports: -2.03% from 2024 to 2025, -2.18% from 2025 to 2026, -2.12% from 2026 to 2027, and -2.05% from 2027 to 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) reflects an average annual decrease of approximately 1.67%.
Future trends to watch for:
- Impact of economic conditions and construction industry trends in Guyana on import demand.
- Potential shifts towards alternative materials, influencing wood frame imports.
- Adjustment in import policies or tariffs that could affect trade dynamics.
