In 2023, the import value of wood sawn or chipped lengthwise to Canada stood at USD 426.02 million. Forecasts indicate a gradual decline in imports from 2024 through 2028, with values decreasing year-on-year, culminating in USD 415.79 million by 2028. This represents an average annual decrease in import values over the five-year forecast period.
Key trends to watch for in the future include:
- Potential impacts of environmental policies on wood imports.
- Currency exchange rate fluctuations affecting import costs.
- Shifts in demand for alternative construction materials.
- Changes in trade agreements that may affect import regulations and tariffs.
