In 2023, the import of densified wood to the US stood at 2.1531 million kilograms. The forecast for 2024 indicates a slight decrease to 2.1471 million kilograms, continuing a trend of modest decline over the subsequent years, reaching 2.1226 million kilograms by 2028. This represents an average year-on-year decrease of approximately 0.3%. The Compound Annual Growth Rate (CAGR) over the next five years is projected to be -0.28%, reflecting a consistent but minor downward trend.
Future trends to watch for include potential shifts in US domestic wood production, changes in import tariffs, or emerging environmental policies, which could influence import volumes. Continued monitoring of these factors will be crucial for anticipating any significant changes in the import landscape.
