In 2023, the import of continuously shaped non-coniferous wood along any edges into the US stood at approximately 364.30 million US Dollars. The forecasts for the years 2024 through 2028 show a gradual increase, with the values reaching 368.16 million US Dollars by 2028. This indicates a steady growth in imports, with an average compound annual growth rate (CAGR) of about 0.67% over five years.
Future trends to watch for:
- Fluctuations in global trade policies impacting tariffs and import costs.
- Developments in sustainable forestry practices and their influence on supply chain dynamics.
- Technological advancements in wood processing potentially altering demand patterns.