The import trend for non-coniferous wood continuously shaped along any edges to the US shows a declining trajectory from 2024 to 2028. The annual volumes are projected to decrease steadily, indicating a diminishing demand or a strategic shift in sourcing or consumption patterns. Around 2023, the import volume was higher than in 2024, marking this as the starting point of this predicted downward trend.
Key points:
- From 2024 to 2025, a decrease of approximately 3.7%.
- From 2025 to 2026, a decline of about 3.8%.
- From 2026 to 2027, a reduction of nearly 3.8%.
- From 2027 to 2028, a drop of around 3.9%.
- The five-year compound annual growth rate (CAGR) results in a consistent average annual decline.
Future trends to watch for include potential shifts in policy affecting import tariffs or sustainability regulations, which could further impact the market. Additionally, advancements in domestic wood processing may alter import needs, while changing consumer preferences toward sustainable and alternative materials might influence future demand patterns.
