The re-import of non-coniferous wood in chips or particles to Canada is projected to decline steadily from 2024 to 2028, starting at $5.21 thousand in 2024 and decreasing to $3.15 thousand by 2028. This represents a consistent year-on-year reduction, underscoring a cumulative decline trend. In 2023, the value stood higher, indicating a contraction in the market over the forecast period. The compound annual growth rate indicates a moderate average annual reduction in re-import value over these years.
Future trends to watch:
- The impact of sustainable and alternative material adoption on wood chip needs.
- Potential changes in trade policies affecting import dynamics.
- Technological advancements that may affect production and re-import processes.
