Forecast: Import of Lumber of Okoume, Obeche, Sapelli, Sipo, Acajou, Makore Wood to Canada

In 2023, Canada's import of lumber from specific African species, like okoume, obeche, sapelli, sipo, acajou, and makore wood, was 18 million US dollars. The forthcoming years show a steady growth trend in import values, with forecasts indicating an increase from 18.44 million USD in 2024 to 20.061 million USD by 2028.

Year-on-year growth percentages reveal a consistent annual increase of about 2%. The compound annual growth rate (CAGR) over the five-year forecast period is estimated to be around 1.73%. This suggests a gradual rise in demand for these wood species in Canada's market.

Future trends to watch for include:

  • Changes in global supply chain dynamics potentially impacting availability and pricing.
  • Environmental regulations or shifts in market preferences towards sustainable forestry practices affecting imports.
  • Technological advancements in wood processing and its impact on import volumes and values.

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