In 2023, Canada's import of bleached kraft paper and paperboard weighing 225 g/m² or more stood at $1.328 million. The forecast indicates a steady increase, reaching $1.4647 million by 2028. Year-on-year growth from 2024 to 2025 is projected at approximately 2.08%, and from 2025 to 2026 at around 1.99%. This trend persists with similar increment rates through 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at roughly 1.56%, reflecting consistent market demand.
Future trends to watch for include:
- The impact of trade agreements and tariffs on import volumes.
- Environmental regulations affecting paper products, potentially influencing demand.
- Technological advancements in paper manufacturing improving efficiency and cost.