The forecast for the import of shingles and shakes of wood to the US shows a declining trend from 2024 through 2028. Starting at 163.84 million USD in 2024, the value decreases consistently by approximately 1.6% annually, reaching 153.78 million USD in 2028. This indicates a downward CAGR over the five-year period. Compared to 2023, where exact figures aren't provided, the downward trajectory highlights a potential decrease in demand or shifts in the wood products market.
Future trends to watch for include:
- Changes in construction methods or materials, possibly affecting wood demand.
- Regulatory impacts on imports and the domestic wood market.
- Sustainability trends possibly pushing alternative materials.
- Economic factors influencing construction and housing markets.
