In 2023, the import value of lumber from Meranti Red, Meranti Bakau, and White Lauan Wood to the US was not specified, but the forecasted data from 2024 onwards shows a steady increase. From 2024 to 2028, the import values are expected to grow gradually, reflecting a consistent upward trend. The year-on-year increase from 2024 to 2025 is approximately 0.78%, and similar growth rates continue each year up to 2028. The compound annual growth rate (CAGR) over this period approximates a moderate 0.75%.
Future trends to watch for include:
- Sustainability and environmental impact concerns potentially affecting import volumes.
- The influence of US housing market trends on demand for lumber imports.
- Trade policy changes that could impact the cost or accessibility of these specific timber imports.