The import forecast for plywood with 1 or 2 outer ply of tropical hardwood to the US shows a modest year-on-year growth from 2024 to 2028, starting at 346.37 million kilograms in 2024 and reaching 356.06 million kilograms by 2028. As of 2023, the recorded volume stood slightly below the 2024 projection, underscoring a steady incremental trend.
Over the period from 2024 through 2028, the Compound Annual Growth Rate (CAGR) reflects a consistent growth pattern, suggesting stable demand in the US market.
Future trends to watch for include:
- Potential supply chain disruptions that could affect import volumes.
- The impact of sustainability regulations on tropical hardwood plywood imports.
- Fluctuations in global market demand and pricing that could influence import activity.