The forecast for wood fuel imports to the US from 2024 to 2028 shows a consistent decline, with imports decreasing from 86.52 to 70.07 thousand cubic meters. This represents a compound annual growth rate (CAGR) of approximately -5.1% over the forecast period. Comparing this trend from historical data, the import volume in 2023 stood at a slightly higher level.
Future trends to watch for include:
- Shifts in US renewable energy policies that may impact demand for bioenergy.
- Fluctuations in global energy markets which could affect wood fuel availability and pricing.
- Technological advancements in biomass energy efficiency potentially altering import needs.