The forecast for non-tropical non-coniferous industrial roundwood imports to Canada shows a consistent decline from 2024 through 2028, with amounts dropping from 1.0279 million cubic meters in 2024 to 0.82546 million cubic meters in 2028. This represents a steady year-on-year reduction, with notable percentage drops in 2025, 2026, 2027, and 2028. The compound annual growth rate (CAGR) over this period indicates a systematic contraction in import volumes, suggesting a decrease in demand or an increase in domestic production capabilities. In 2023, the actual import volume was higher than forecasted figures. This signifies a notable shift in import trends.
Future trends to watch for include potential policy changes impacting import tariffs or restrictions, which could either reverse the downward trend or accelerate it. Additionally, technological advancements in forestry or alternative materials might further alter industrial demands and supply chain dynamics.
