Forecast: Import of Logs of Keruing, Ramin, Kapur, Teak, Jongkong, Merbau Wood to Canada

The forecasted import value of logs such as Keruing, Ramin, Kapur, Teak, Jongkong, and Merbau into Canada shows a steady increase from 2024 through 2028. The series begins at $177.92 thousand in 2024 and grows to $200.43 thousand by 2028. This represents an annual progression, with a compound annual growth rate (CAGR) of approximately 3% over these five years.

Future trends to watch for include:

  • Potential changes in international trade policies that might affect import volumes and values.
  • Fluctuations in global demand for these wood types, which may influence pricing and supply.
  • Economic factors within Canada, which could impact construction and furniture industries, leading to variations in wood imports.

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