The import value of statuettes and other ornaments of wood to Canada is projected to increase steadily from 2024 through 2028. In 2023, the actual import value stood at approximately 18.8 million USD. The forecasted figures suggest a compound annual growth rate (CAGR) of about 1.57% over this five-year period, indicating a consistent year-on-year growth. Specifically, the forecasts for 2025, 2026, 2027, and 2028 show incremental increases that reflect stable market demand and potential growth.

Future trends to watch include:

Changes in global wood supply and associated costs, which could impact import rates.
Emerging consumer preferences for sustainable and locally-produced goods.
Technological advancements and innovations in wood ornament design and production.