The re-import of gum, wood, or sulphate turpentine oils to Canada in 2023 amounted to 7.41 thousand US dollars. From 2024 to 2028, forecasted values suggest a gradual increase, with a Compound Annual Growth Rate (CAGR) of approximately 4.6%. Year-on-year, there is a consistent upward trend reflected by increases: 5.1% from 2024 to 2025, 4.8% from 2025 to 2026, 4.5% from 2026 to 2027, and 4.2% from 2027 to 2028.
Future trends to watch for:
- Potential impact of policy changes on re-import tariffs and trade agreements.
- Shifts in demand for eco-friendly and sustainable products, influencing market dynamics.
- Exchange rate fluctuations, which could affect import costs and competitive pricing.
- Technological advancements in production and packaging that may affect the supply chain.
