The projected imports of chemical pulps of other fibrous materials into Canada are expected to continuously increase from $29.674 million in 2024 to $35.993 million by 2028. Previously, in 2023, these imports stood at approximately $28 million. This translates to a compound annual growth rate (CAGR) of around 5% over the five-year period. Year-on-year growth is relatively stable, averaging over 4%.
Key future trends to watch for include:
- Potential shifts in global trade policies and their impact on import dynamics.
- Technological advancements potentially influencing production and demand.
- Sustainability demands possibly affecting sourcing and supply chain strategies.
