In 2023, the import value of poles treated or painted with preservatives to Canada was notably lower than the forecasted figures for the following years. From 2024 to 2028, imports are expected to see a steady increase, starting at $4.7192 million and reaching $5.4065 million. Year-on-year growth is persistently positive, reflecting a gradual expansion driven by consistent demand in the Canadian market. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is indicative of robust development, showing a sustained upward trend in the import sector.
Future trends to watch for include potential shifts in market regulations around environmental standards for treated poles, which could impact import volumes. Additionally, fluctuations in global timber prices and international trade agreements may influence forecast accuracy, either boosting or hindering further import growth.
