The import of Gum, Wood or Sulphate Turpentine to Canada is projected to decrease significantly from 2024 to 2028. Starting at 276.95 thousand US dollars in 2024, it shows a consistent downward trend, reaching 103.12 thousand US dollars by 2028. This represents a year-on-year decline with percentages indicating a steady drop annually. In 2023, the actual import stood at a higher level, accentuating this forecasted decline.
Future trends to watch for include:
- Potential shifts in global supply chains affecting availability and costs.
- Changes in industry demand and environmental regulations impacting the turpentine market.
- Economic conditions influencing Canadian import capacity and needs for these materials.
