In 2023, the re-import of Oak lumber (Quercus spp) to Canada stood at approximately 435 cubic meters. From 2024 to 2028, the forecast shows a steady annual increase in volume: 447.5, 460.2, 472.7, 484.9, and 496.8 cubic meters respectively. The year-on-year growth rates from 2024 to 2028 range from 2.8% to 2.5%, indicating a consistent upward trend. The compound annual growth rate (CAGR) over this forecast period is approximately 2.75%, reflecting sustained demand.
Future trends to watch include:
- Impacts of environmental policies on re-importation levels.
- Shifts in global timber and construction market dynamics.
- Technological advancements in sustainable lumber production.
