In 2023, the import volume of Okoume, Obeche, Sapelli, Sipo, Acajou, and Makore wood to Canada stood at an estimated volume beneath 23.05 thousand cubic meters, showing consistent growth as follows: 23.05 in 2024, 23.37 in 2025, 23.68 in 2026, 23.99 in 2027, and 24.29 in 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be positive, indicating a steady increase in imports. Year-on-year variations highlight this stable yet modest growth rate.
Future trends to watch for:
- Potential fluctuations in demand for exotic wood types in Canada due to environmental policies and sustainability initiatives.
- Global supply chain disruptions or advancements that might impact import volumes, positively or negatively.
- Changes in market preferences or economic conditions that could influence the demand for these wood types.