In 2023, the import value of wooden windows, French-windows, and their frames to Morocco was recorded as the baseline reference. From the forecasted data, we observe consistent year-on-year increases from 2024 through 2028, with a projected import value increase from 853.41 thousand USD in 2024 to 988.92 thousand USD in 2028.
The annual growth rate from 2024 to 2025 is approximately 4.1%, while from 2025 to 2026 it's around 3.8%. The rate slightly decelerates over the period with 3.6% and 3.4% for 2027 and 2028, respectively. The compounded annual growth rate (CAGR) for 2024 to 2028 is roughly 3.8%.
Future trends to watch for include:
- Potential shifts in manufacturing costs or global timber prices that could impact import dynamics.
- The increasing influence of eco-friendly and sustainable building materials on consumer preferences and regulatory standards.
- Morocco's economic conditions and construction industry vitality which could affect demand levels.