In 2023, Canada's import of wood chips and wood particles was recorded at 2.047 million cubic meters. The forecast from 2024 to 2028 suggests a steady increase, reaching 2.0888 million cubic meters by 2028. This represents a year-on-year growth of around 0.4% annually. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is projected to be approximately 0.4%.
Future trends to watch for:
- Potential policy changes impacting imports due to environmental concerns.
- Technological advancements in wood processing that may alter import demand.
- Fluctuations in global wood supply impacting import volumes.
