In 2023, the import of plastic doors, windows, and frames to Singapore stood at 9.884 million USD. As we look at the forecast data, the import value is expected to increase consistently over the next five years, with values reaching 10.269 million USD in 2024, 10.669 million USD in 2025, 11.061 million USD in 2026, 11.445 million USD in 2027, and 11.822 million USD in 2028. The year-on-year variations are as follows:
- 2024: 3.89%
- 2025: 3.89%
- 2026: 3.67%
- 2027: 3.47%
- 2028: 3.30%
The compound annual growth rate (CAGR) for the forecast period from 2024 to 2028 is approximately 3.64%, indicating a steady, moderate growth in the import volumes of plastic doors, windows, and frames.
Future trends to watch for include:
- Innovations in material technology improving the durability and functionality of plastic doors and windows, which could drive up demand.
- Potential economic fluctuations or trade policy changes that could impact import volumes and market prices.
- Growing preferences for sustainable and energy-efficient building materials, possibly increasing the adoption of advanced plastic alternatives.
