In 2023, the import volume of wood wool and wood flour to Canada stood at approximately 1.40 million kilograms. From 2024 onward, forecasts indicate a continuous decline in imports, as the volume decreases year-on-year. From 2024 to 2025, the forecasted decline is about 10.81%, followed by another decline of approximately 11.86% in 2026. A further drop of 13.19% is projected in 2027, with the trend persisting into 2028, showing a decrease of around 14.91%. The compound annual growth rate (CAGR) over the forecasted five-year period signals an average annual decrease.

Future trends to watch for include:

Shifts in Canada's domestic production and supply of wood materials which could influence import requirements.
Potential regulatory changes impacting forestry products and trade policies.
Developments in environmental sustainability efforts that might affect the demand for wood-based materials.