In 2023, the re-import of densified wood in blocks, plates, strips, or profiles to Canada was positioned at a notable reference point. The forecast from 2024 to 2028 indicates a consistent decline in import volume, dropping from 149.62 kilograms in 2024 to 130.28 kilograms by 2028. The year-on-year percentage variations show a steady decrease, reflecting a shrinking demand or strategic sourcing changes. Over this period, the Compound Annual Growth Rate (CAGR) underscores a downward trend, presenting challenges and opportunities in the market adjustment.
Future trends to watch include advancements in local manufacturing of densified wood materials in Canada and shifts toward sustainable resources, impacting import demands. Monitoring technological innovations in wood densification processes and changing environmental regulations will also be vital.
