Logging in Canada - Industry Market Research Report

Logging in Canada - Industry Market Research Report

  • August 2021 •
  • 55 pages •
  • Report ID: 4563917 •
  • Format: PDF
Log on: The industry is forecast to decline in response to a forecast drop in housing starts in both Canada and the United States

Abstract

Logging in Canada
The Logging industry in Canada supplies goods such as timber, pulpwood and wood chips to sawmills and pulp mills to be further processed and manufactured into various wood products. Following a decade of uneven performance leading up to the reporting period in response to declining harvest levels due to damage caused to domestic forestland by the mountain pine beetle, the industry has stabilized over the five years to 2019. Harvest levels grew steadily during the reporting period, and the industry has benefited from strong growth in residential housing markets in the United States. Over the five years to 2024, the industry is forecast to continue to grow in response to rising housing starts in the United States, although domestic markets are forecast to be weaker due to high household debt levels. Continued constraints in overall capacity will help prices rise, facilitating revenue growth.

Operators in this industry buy and lease log harvesting equipment and vehicles, which they then use to fell trees. The trees are then transported as sawlogs to sawmills and pulp mills. Companies that are primarily engaged in the breeding, planting or growing of trees are excluded from this industry and are instead classified under the Timber Services NAICS code 11311.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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