In 2023, Canada's re-import of gum, wood, or sulphate turpentine oils stood at 2,040 kilograms. The forecasted data indicates a steady growth in re-import volumes, starting at 2,120 kilograms in 2024, and reaching 2,470 kilograms by 2028. This represents a consistent year-on-year increase, with an average compound annual growth rate (CAGR) of approximately 3.82% over this five-year period.
Future trends to watch for include potential impacts of changes in global demand for turpentine oils, variations in production of raw materials, and shifts in Canada's industrial requirements. Monitoring trade policies and environmental regulations will also be crucial for future market assessments.
