The forecast for the import of non-coniferous wood in chips or particles to Canada indicates a steady decline from 2024 to 2028, starting at 12.766 million USD in 2024 and decreasing to 10.526 million USD by 2028. This trend shows a clear downward trajectory with a consistent year-on-year decrease of approximately 4-5%. The compound annual growth rate (CAGR) over this five-year period reflects a negative trend, as Canada reduces its dependence on non-coniferous wood imports.
In the coming years, several factors could influence this trend, including changes in domestic forestry policy, shifts in global trade relations, and advancements in sustainable wood alternatives. It's important to monitor these developments, as they could alter the trajectory of wood imports to Canada.
