The forecast for the import of veneer or ply sheets of tropical woods to the US from 2024 to 2028 shows a steady increase. The value, expressed in million kilograms, is projected to grow from 20.223 million kilograms in 2024 to 21.59 million kilograms by 2028. Assuming the 2023 volume was close to 20 million kilograms, the annual growth rate is subtle yet positive. The year-on-year percentage increase is consistent, with slight increments annually. The compound annual growth rate (CAGR) for the forecast period is estimated to be modest, reflecting a stable demand trajectory.
Future trends to watch for include potential shifts due to sustainability pressures, changes in supply chain dynamics, and regulatory policies on the importation of tropical wood products. Market players should monitor these elements to anticipate changes in demand and adapt strategies accordingly.
