The import of wooden windows, French-windows, and their frames to Madagascar shows a declining trend from 2024 to 2028. In 2023, the import value was notably higher, serving as the basis for subsequent forecasted declines. The year-on-year variations indicate a consistent decrease in import values: 2.26% from 2024 to 2025, 2.25% from 2025 to 2026, 2.27% from 2026 to 2027, and 2.27% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) projection over the five years from 2024 is negative, suggesting an average annual reduction in import value.
Future trends to watch for:
- Changes in local production or export restrictions could affect imports.
- Evolving consumer preferences towards alternative materials.
- Potential tariffs or trade agreements influencing trade dynamics.
- Economic factors impacting budgets for construction and renovation in Madagascar.