The forecast for the re-import of fibreboard with a density exceeding 0.8 g/cm3 to Canada for the years 2024 to 2028 shows a gradual decline in value, starting from 301.94 thousand USD in 2024 down to 293.22 thousand USD by 2028. Comparatively, the value has slightly decreased year-on-year by approximately 0.74% on average across the forecast period. In 2023, the actual re-import value stood higher, marking the beginning of this observed downward trend. The compound annual growth rate (CAGR) is negative over the five years, indicating a consistent but modest decline.
Future trends to watch include:
- Potential fluctuations in global demand for fibreboard due to changes in construction and manufacturing industries, which could influence re-import volumes and values.
- Currency exchange rate shifts and trade policy changes, which can impact import costs and competitive positioning.
- Technological advances or material alternatives that may affect fibreboard's desirability or usage.