In 2023, Canada's imports of Medium Density Fibreboard and High Density Fibreboard stood at approximately 671.0 thousand cubic meters. From 2024, the forecast shows a steady increase in import volumes through to 2028, reaching 732.34 thousand cubic meters. Year-on-year variations indicate a consistent growth rate of around 1.8% annually over these forecasted years. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at around 1.8%, reflecting a sustained upward trend in demand.
Future trends to watch for include:
- Potential impacts of global supply chain efficiencies or disruptions, which may affect Canada's import capacity.
- Technological advancements in construction materials that could influence import dynamics.
- Environmental regulations and policies promoting sustainable building materials could boost demand for fiberboards.
