From 2013 to 2023, the plywood production in Canada has shown fluctuations, peaking in 2017 with 2.2534 million cubic meters and reaching its lowest point in 2022 at 1.6035 million cubic meters. The production figure for 2023 remains similar to the previous year at 1.6072 million cubic meters, showing a negligible year-on-year increase of 0.23%. Over the past five years, the Compound Annual Growth Rate (CAGR) has averaged a decline of 1.6% per year. Looking forward to 2028, the forecasted CAGR is projected to decline further by 0.55%, with an overall estimated decrease in production of 2.72% from 2024 to 2028.
Future trends to watch for:
Future trends may encompass shifts to sustainable materials, economic factors impacting the construction industry, and potential advancements in plywood manufacturing technologies. It is essential to monitor environmental regulations and their influence on production. Additionally, global market demands and trade policies could play critical roles in shaping Canada's plywood production landscape.
