In 2023, the re-import value of gum, wood, or sulphate turpentine to Canada stood at 7.50 Thousand US Dollars. The forecast for 2024 suggests a value of 7.89 Thousand US Dollars, representing a 5.2% increase from 2023. The subsequent years show a steady growth, with 2025 rising by 5.3% to 8.31 Thousand US Dollars, 2026 by 4.9% to 8.72 Thousand US Dollars, 2027 by 4.6% to 9.12 Thousand US Dollars, and 2028 by 4.3% to 9.51 Thousand US Dollars. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 4.9%.

Future trends to watch for:

Potential changes in global supply chain dynamics affecting the availability and cost of turpentine.
Economic factors and trade policies that may influence re-import activities.
Shifts in demand within the domestic market for chemical-derived products.