Malaysia's wood product exports to Canada are forecasted to decline gradually from 2024 to 2028. In 2023, the value stood at 6.16 million USD. This trend indicates a continuous year-on-year decrease: -1.81% in 2025, -1.81% in 2026, -1.81% in 2027, and -1.80% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is -1.81%, showing a consistent, albeit small, annual reduction in export value.
Future trends to watch for:
- Potential shifts in global demand for wood products.
- Changes in trade policies between Malaysia and Canada.
- Developments in sustainable forestry and environmental regulations.
