In 2023, the re-import of logs of oak (Quercus spp) to Canada stood at 2.20 thousand cubic meters. The forecasted data indicates a steady annual growth with values expected to rise from 2.33 in 2024 to 2.83 thousand cubic meters by 2028. Year-on-year percentage variations reflect a stable increase of approximately 5.6% annually. The compound annual growth rate (CAGR) over the period from 2024 to 2028 is approximately 5.5%, suggesting consistent expansion in this period.
Future trends to watch for include potential impacts from environmental regulations, shifts in demand from construction and furniture industries, and economic factors influencing importation costs and trade relations which could further shape these projections.
