In 2023, the import of densified wood in blocks, plates, strips or profile to Canada was approximately 3.6 million US dollars. From 2024 to 2028, there is a steady forecasted increase in imports from 3.6619 million to 3.9152 million US dollars, reflecting Canada's growing demand for densified wood products. The average year-on-year growth rate over the five-year period is modest, suggesting a stable but slow growth trend.
Future trends to watch for include potential fluctuations in global timber supply, changes in trade policies, and innovations in wood densification technology, which could influence import volumes and values. Monitoring sustainability practices and environmental regulations will also be crucial, as they may impact future import levels.
