The production of wood residues in Canada remained constant at 8.774 million cubic meters from 2013 to 2022. However, in 2023, there was a noticeable increase of 1.46%, bringing production to 8.9021 million cubic meters. This marked the first significant change in a decade. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was 0.29%, reflecting a very modest growth.

From 2024 onwards, forecasts indicate a gradual increase in production, with projections reaching 9.5037 million cubic meters by 2028. This translates to a five-year CAGR of 1.04%, and an overall growth rate of 5.31% over this forecast period.

Future trends to watch for:

Technological advancements in biomass utilization and recycling
Environmental policies impacting forestry and wood residue production
Demand shifts in related industries such as bioenergy and wood products manufacturing