The import of windows, French-windows, and their frames of wood to Latvia is expected to rise steadily from 2024 to 2028. Forecast data indicates growth from 1.1425 million kilograms in 2024 to 1.2384 million kilograms in 2028. This reflects a consistent annual increase, showing a stable demand for these imports.
From 2024 to 2025, the year-on-year increase is approximately 2.19%, while from 2025 to 2026, it is about 2.08%. From 2026 to 2027, the growth slightly slows to 1.99%, with a similar trend from 2027 to 2028. The compounded annual growth rate (CAGR) over the five-year period is estimated to illustrate a sustained upward momentum.
Future trends to watch for include:
- Shifts in construction industry demands due to economic conditions and regulations.
- Developments in eco-friendly construction materials affecting traditional material imports.
- Potential impacts of economic and trade policy changes within the EU.
