Based on the forecast data, Canada's import value of Meranti Red, Meranti Bakau, and White Lauan wood shows a declining trend from 2024 to 2028, decreasing from $124.71K to $71.59K. This indicates a consistent decrease each year, with the most significant drop observed between 2027 and 2028. The compound annual growth rate (CAGR) reflects a negative trend over the five-year period.
In 2023, the quantity of import was higher than 2024. Key trends to watch are potential impacts of economic changes on the construction industry in Canada, shifts in supply chain dynamics, and global environmental policies affecting lumber imports.
