The production of coniferous industrial roundwood in Canada is projected to see a steady increase from 116.86 million cubic meters in 2024 to 117.62 million cubic meters in 2028. As of 2023, the production stood at 116.68 million cubic meters. The year-on-year growth rates from 2024 to 2028 are approximately 0.16%, 0.16%, 0.16%, and 0.16%, respectively. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is about 0.16%, indicating a consistently modest upward trend.
Future trends to watch for include potential impacts from environmental regulations, shifts in global demand, technological advancements in forestry, and the effects of climate change on forest health and availability. These factors could influence both the volume and sustainability of coniferous industrial roundwood production in Canada.
