In 2023, Canada's non-coniferous roundwood import volume stood at approximately 982 thousand cubic meters. The forecasted data for 2024 shows a 7.6% decline from the previous year, with further decreases of 8.2%, 8.7%, 9.5%, and 10.5% predicted each successive year through 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates an average annual decline of 8.7% in import volumes.
Future trends to watch for include changes in domestic roundwood production, potential trade policy adjustments, and evolving demand for non-coniferous products in local and global markets, which could impact import levels.
