The market is dominated by domestic suppliers, as imports account for 15.4% of total market size in 2024. B2B drives market demand, with B2B spending representing 93.2% of total demand in 2024. Canada has the seventh largest market size for wood and wood products across the top 20 developed countries, with demand reaching USD21.8 billion in 2024. West Fraser Timber Co Ltd is the largest company in Canada, generating 6.8% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 14.3% of total production value in 2024. The total number of companies decreases in 2024, to 9,180 units. The costs of the industry increase by 0.4% in 2024, largely driven by rising labour costs. The industry’s profitability increases and stands at 10.6% of production value in 2024, the 13th highest across the top 20 developed countries. The industry’s exports share increases in 2024 to 42.1% of total production output. With production value of USD31.9 billion, Canada accounts for 15.2% of the North America total in 2024.
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This Euromonitor industrial report provides unique information on Wood and Wood Products in Canada: ISIC 20. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Wood and Wood Products in Canada: ISIC 20 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Forestry, Wood and Paper is an aggregation of Forestry, Wood and Wood Products; Corrugated Paper, Paperboard and Containers; Disposable Paper Products; Pulp, Paper and Paperboard.
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