The forecast for the re-import of veneer or ply sheet of non-coniferous or tropical wood to Canada shows a steady growth trajectory from 2024 to 2028. In 2024, the forecasted import value is USD 157.07 thousand, increasing to USD 186.03 thousand by 2028. This represents a consistent year-on-year growth, with percentage increases ranging from approximately 4.75% to 4.90% annually. If we analyze this over a five-year period, the compound annual growth rate (CAGR) reveals a healthy market expansion. This growth suggests an increasing demand for these materials within the Canadian market.
Future trends to watch for include:
- Fluctuations in global supply chains which could impact material availability and pricing.
- Changing environmental policies that might influence the sourcing of tropical wood.
- Shifts in consumer and industrial preferences favoring sustainable or alternative materials.
