The import of windows, French-windows, and their frames of wood to New Caledonia has shown a significant decline from 2016 to 2020, with values dropping from 21.49 thousand USD to 2.85 thousand USD. The year-on-year decreases were substantial, notably between 2019 and 2020. This represents an overall decrease of around 87% over this period. The compound annual growth rate (CAGR) over these five years is negative, indicating a strong downward trend.
In 2023, there is no indication of a reversal of this trend, suggesting a continued decline or stagnation unless market dynamics change. Going forward, key trends to watch include changes in local economic conditions, shifts in construction demand, and any new policies impacting imports or local production incentives. A potential increase in local manufacturing or shifting preferences toward other materials could also impact import levels.
