In 2023, the re-import of lumber of oak (Quercus spp) to Canada stood at an actual value of $218.45 thousand USD. The forecasted data from 2024 shows a steady year-on-year increase reaching $281.64 thousand USD by 2028. The compound annual growth rate (CAGR) over these five years is approximately 5.1%. This upward trend signifies a growing demand or an increase in the usage of oak lumber in Canada.

Future trends to watch for include:

Potential changes in global lumber supply chains affecting availability and prices.
Shifts in Canadian construction or furniture industries which might alter lumber demand.
Environmental policies impacting the forestry sector.