In 2023, the import of sulphate chemical wood pulp to Canada reached a level synonymous with a stable yet dynamically poised market. From 2024 onwards, forecasts indicate a consistent upward trajectory in import values, commencing at $279.25 million and ascending roughly by $7 to $8 million annually, culminating at $309.05 million in 2028.
- 2024 to 2025 suggests a growth of 2.75%.
- 2025 to 2026 forecasts approximately 2.62% increase.
- 2026 to 2027 projects a 2.51% rise.
- 2027 to 2028 anticipates a growth of 2.40%.
The 5-year compound annual growth rate (CAGR) is projected at around 2.57%, highlighting a consistent but slightly declining growth trend.
Future trends to watch include potential impacts of global trade policies, shifts in demand for eco-friendly materials, and innovations in the production of wood pulp which could influence import patterns and price sensitivity in Canada.
