The import of felt paper and paperboard to Canada is projected to experience a sharp decline from 2024 to 2028. In 2023, the import value stood at approximately 2.5 million USD. The forecasted data demonstrates a steady year-on-year decrease with values declining from 2.0625 million USD in 2024 to 0.71067 million USD by 2028. This represents a significant cumulative annual growth rate (CAGR) drop over this five-year period.

Future trends to watch for include:

Potential shifts in domestic production and demand dynamics within Canada impacting import levels.
Changes in international trade policies or tariffs that could alter import viability or costs.
Advancements in alternative materials that could affect demand for felt paper and paperboard imports.