The US wood fuel import forecast from 2024 to 2028 indicates a significant downward trend. In 2023, imports stood at approximately the same value as in 2024, at 17.642 million kilograms. By 2028, imports are projected to plummet to 2.5195 million kilograms. The year-on-year percentage change reflects a consistent decline, with notable reductions particularly visible between 2026 and 2028. The compound annual growth rate (CAGR) over the forecast period highlights this continuing contraction, averaging substantial yearly decreases.
Future trends to watch for include:
- Potential shifts in domestic production or alternative energy sources reducing dependency on imports.
- Environmental policies that might further influence wood fuel consumption and importation.
- The economic impact of fluctuating global demand and supply chain adjustments in the industry.