The forecast for Canada’s import of plywood with one or two outer plies of tropical hardwood from 2024 to 2028 indicates a slight decline in value from $14.649 million to $14.294 million. In 2023, this import figure stood at approximately $14.739 million. Year-on-year variations reflect a decreasing trend at approximately 0.1% to 0.7% annually. The compound annual growth rate (CAGR) over this period shows a mild annual decline, suggesting stable yet slightly reducing demand.

Future trends to watch for include:

Potential policy changes regarding sustainable forestry that could impact import dynamics.
Fluctuations in the construction industry, which heavily influences plywood demand.
Economic factors such as currency exchange rates and trade regulations.
Technological advancements in plywood manufacturing that could affect market dynamics.