The sawnwood production in Canada has experienced fluctuations over the last decade, peaking in 2016 with 49.724 million cubic meters and hitting a low in 2022 with 37.257 million cubic meters. As of 2023, production stood at 37.578 million cubic meters. The year-on-year variations reveal significant declines in 2019 and 2022, followed by a slight recovery in 2023. The compound annual growth rate (CAGR) has been negative over the past five years, at -4.62%.
Looking ahead, the forecast indicates a gradual recovery with a forecasted CAGR of 0.61% from 2024 to 2028, culminating in a projected production volume of 39.035 million cubic meters by 2028.
Future trends to watch for:
- Changes in global demand for Canadian sawnwood
- Environmental regulations affecting forest management and logging practices
- Technological advancements in the lumber industry
- Impact of climate change on forest resources
- Trade policies and tariffs affecting international markets
