As of 2023, the import of wooden windows, French-windows, and their frames to New Zealand stood at approximately a baseline to allow for easy comparison with forecasted values. Between 2024 and 2028, a steady increase in imports is anticipated, with the value rising from 4.7219 million US dollars in 2024 to 5.3348 million US dollars in 2028. This represents a compound annual growth rate (CAGR) of approximately 3.1% over the five-year period.
Key trends to watch for:
- Economic fluctuations and their impact on construction and housing markets.
- Government policies and regulations affecting import duties and sustainability standards.
- Technological advancements in materials affecting demand for imported products.
- Any shifts towards local production driven by environmental concerns.