Forecast: Import of Lumber of Okoume, Obeche, Sapelli, Sipo, Acajou, Makore Wood to the US

The import of Okoume, Obeche, Sapelli, Sipo, Acajou, Makore wood to the US is forecasted to grow steadily from 2024 to 2028, with values rising from $273.34 million to $304.78 million. As of 2023, the value was $265 million, indicating a positive trend. Significant year-on-year growth is evident, with expected increases of around 2.96% each year. This consistent upward trajectory suggests a compound annual growth rate (CAGR) of approximately 2.73% over the next five years.

Future trends to watch include:

  • Potential impacts of global supply chain disruptions on import levels.
  • Fluctuations in US demand for hardwoods due to changes in construction and furniture markets.
  • Environmental regulations affecting timber exports from source countries.

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