The import of wood residues to the US is projected to grow steadily from 183.37 thousand cubic meters in 2024 to 211.51 thousand cubic meters by 2028. In 2023, the volume stood at 176.5 thousand cubic meters, marking steady growth. Between 2023 and 2024, a growth of 3.9% is expected, continuing with annual increases of approximately 3.9% to 4% subsequently. The compound annual growth rate (CAGR) for the 2024-2028 period is anticipated at around 3.9%.
Future trends to watch for include:
- Potential impacts of environmental policies on import levels.
- Technological advancements in wood residue processing that could alter demand and supply dynamics.
- Fluctuations in global supply chains and transportation costs affecting import volume.
