The forecast for the import of gum, wood, or sulphate turpentine oils to Canada shows a consistent decline from 2024 to 2028. In 2024, imports are valued at 34.56 thousand USD, decreasing steadily each year to 13.21 thousand USD in 2028. The year-on-year percentage decline is significant, indicating a shrinking market demand or increased self-reliance. In 2023, the actual data would have provided a baseline for these forecasts. The compound annual growth rate (CAGR) over the five years suggests a persistent downward trend.
Future trends to watch include technological advancements in substitutes, domestic production capabilities, and shifts in industrial demands. Additionally, changes in trade policies or environmental regulations could impact import volumes significantly.
