In 2024, Canada's import of pulp of wood and related products is forecasted to reach $428.98 million, with an upward trend anticipated through 2028. The year-on-year growth from 2024 to 2025 is approximately 1.11%, demonstrating a stable increase in imports. This steady growth continues through 2028, with an annual compound growth rate (CAGR) of around 1.07% from 2024 to 2028, showcasing moderate but consistent expansion in this sector. It's crucial to note that 2023's actual figures must be juxtaposed against these forecasts for a comprehensive understanding of progression.
Future trends to watch for include:
- Potential shifts in global supply chains that could impact import levels.
- Environmental policies that influence the use of wood and cellulosic materials.
- Technological advancements in recycling that might affect demand for fibrous materials.
