In 2023, the import value of Baboen, Mahogany, Imbuia, and Balsa lumber to the US was estimated at around 42 million US dollars. The data forecasts a year-on-year decline in import value from 2024 to 2028, with a drop from 39.331 million to 30.456 million US dollars.
The forecast depicts a consistent downward trend with a compound annual growth rate (CAGR) showing a negative average yearly decrease over the five-year period. This indicates likely reduced demand or increased sourcing challenges for these luxury woods.
Future trends to watch include:
- Changes in US lumber policies or tariffs impacting these imports.
- Shifts in consumer preferences towards sustainable or alternative materials.
- Emergent economic or environmental factors affecting supply chains.
