The forecast for non-coniferous industrial roundwood production in Canada shows consistent growth from 2024 to 2028, starting at 27.799 million cubic meters in 2024 and rising steadily to 28.665 million cubic meters by 2028. In 2023, the production stood at 27.599 million cubic meters, and we see a year-on-year increase of 0.71% in 2024. This growth continues with annual variations of around 0.79% to 0.85% through 2025 to 2028, indicating a robust trend. The last CAGR, over the last five years, is approximately 0.83%.
Future trends to watch for in this sector include the impact of technological advancements in sustainable forestry, potential regulatory changes, and evolving market demands for non-coniferous wood products. Additionally, monitoring global trade dynamics and climate change implications will be crucial in determining future production trajectories.
