In 2023, the import of coniferous (softwood) lumber to the US was at 13.145 billion kilograms. The forecast from 2024 to 2028 shows a steady increase, with projected imports reaching 14.166 billion kilograms by 2028. Year-on-year variations indicate an annual growth rate of approximately 1.5-1.6%. Over this five-year period, the compound annual growth rate (CAGR) is expected to be around 1.5%, indicating a moderate but consistent upward trend.
Future trends to watch for:
- Potential policy changes affecting trade tariffs and agreements, especially with Canada, the primary supplier of softwood lumber to the US.
- Technological advancements in timber processing that may affect demand and supply dynamics.
- Environmental regulations and sustainability trends that may influence both supply chain practices and consumer preferences.