The construction and renovation materials sector grew by an average of 12.3% annually between 2018 and 2023, reaching $5.3 billion in 2023.

Notably, two-thirds of the sector’s turnover is generated by imported goods, with domestic production accounting for a relatively small share.

Dependence on imports is relatively low in the construction materials segment, while it is significantly higher in the renovation materials, household appliances, and furniture segments.