In 2023, the import value of veneer or ply sheet of tropical woods to Canada was approximately 5.95 million USD. The forecast for 2024 indicates a slight decline to 5.776 million USD. A projected downward trend continues through 2028, with values reaching approximately 5.065 million USD. Year-over-year, from 2024 to 2028, the import value decreases by about 3-4% annually. The compound annual growth rate (CAGR) for this five-year period reflects a consistent decline in import value, highlighting decreasing reliance or demand for these materials in Canada.
Future trends to watch for include potential shifts in Canadian consumer preferences toward sustainable or alternative materials, changes in tropical wood supply chain dynamics, and trade policy modifications affecting import conditions. Monitoring these elements can provide insights into further impacts on import levels.
