In 2023, the import of woodfree fine paper weighing more than 150 g/m² to Canada stood at 29.1 million USD. The forecasted data for 2024 to 2028 shows a steady decline in import values, starting at 27.677 million USD in 2024 and decreasing annually to 22.46 million USD in 2028. Year-on-year reduction percentages highlight a diminishing demand or possibly increased local production capabilities. The compounded annual growth rate (CAGR) from 2024 to 2028 shows an average annual decline, emphasizing a notable downward trend.
Future trends to watch:
- Shifts in global paper consumption patterns due to digitalization.
- Potential increases in domestic production capacity.
- Impact of trade policies and environmental regulations.
- Technological advances in alternative materials.