In 2023, the import value of boards of vegetable fiber with mineral binder or cement to Canada stood lower than the forecasted figures starting from 2024. From 2024 to 2028, a steady increase in imports is projected, showcasing growth from 5.0683 million USD in 2024 to 5.3823 million USD in 2028. The year-on-year growth rate is moderate, with slight upticks in import value each subsequent year, indicating a stable demand.
Future trends to watch for:
- Technological advancements in material production could influence import volumes.
- Changes in Canadian construction and building regulations impacting demand for such materials.
- Global supply chain dynamics which may affect cost and availability.
