Coniferous sawnwood production in Canada stood at 36.693 million cubic meters in 2023. There was a slight year-on-year increase of 0.81% in 2023, following a sharp decline of 9.47% in 2022. Over the past two years, the production has shown a general downward trend. The Compound Annual Growth Rate (CAGR) over the last five years was -4.57%, indicating an overall negative trend in production.
However, the forecasted data from 2024 to 2028 shows moderate growth, with a forecasted 5-year CAGR of 0.57% and an aggregate growth rate of 2.87%. Taking this into consideration, it can be expected that the coniferous sawnwood production in Canada will stabilize and experience marginal growth in the upcoming years.
Future trends to watch for:
- Market demand changes due to shifts in global supply chains.
- Impact of environmental policies and sustainable forestry practices.
- Technological advancements in the timber industry.
- Potential market diversifications and trade agreements impacting export volumes.
