Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.5 % over the past five years, to reach an estimated $18.9bn in 2024.
Trends and Insights
The housing boom protected sawmills from being shut down
- Exports of softwood lumber make up about 50.0% of the industry’s total revenue, reflecting the major role of trade for the industry. 90.0% of these exports are shipped to the US, where residential construction and renovation activity dictates the trajectory of export revenue.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
US housing market conditions will determine future performance
- The US housing market is a major source of demand for lumber supplied by industry. Housing construction and renovation spending provide a large market for industry exports.
Biggest companies in the Sawmills & Wood Production in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Canfor | 1,916.2 | -92.7 | -4.8 | |
West Fraser | 1,417.9 | 106.5 | 7.5 | |
Resolute | 1,099.0 | 294.7 | 26.8 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Lumber products, Wood chips and Wood product preservation. Lumber products is the largest segment of the Sawmills & Wood Production in Canada.
Trends and Insights
Lumber products dominate the industry’s product mix
- Hardwood and softwood lumber are the primary products created in the industry.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Sawmills and Wood Production industry in Canada manufactures a range of wood products, including boards; rough, dressed or dimension lumber; fuelwood; timber; poles; and ties, from logs and bolts. The industry also includes enterprises that preserve wood.
What's included in this industry?
Sawing and planing hardwood logsSawing and planing softwood logsPreserving or treating lumber with chemicals and resinsCompanies
CanforWest FraserResolutePurchase this report to view all 3 major companies in this industry.
Related Terms
TIMBER TENURESTUMPAGESOFTWOOD LUMBERIndustry Code
NAICS 32111 - Sawmills & Wood Production in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Sawmill wood builds homes, businesses, furniture and infrastructure. The price of wood varies mildly with the movements of durable goods in the macroeconomy. When housing con...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Timber processors primarily cut boards in various sizes, but also perform other services for clients. These include treating wood with preservatives, making wood chips and sh...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to the United States is important as exports account for almost 50.0% of industry revenue. Since the United States represents the largest foreign market, having man...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Industry producers with significant economies of scale and high purchasing power can negotiate wood prices at lower costs. As a result, larger operators are able to remain co...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The top four wood processors have roots in the US, benefiting from the country’s strong financial support of timber producers. Even domestic players own millions of acres of ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Canfor's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of West Fraser's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Resolute's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Canfor, and factors influencing its performance in the industry
- Description and key data for West Fraser, and factors influencing its performance in the industry
- Description and key data for Resolute, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Sawn timber is actively being revolutionized by automation, technological improvements and new wood applications. Cross-laminated timber, a new engineered wood product with h...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Tree purchases are half the average sawmill’s cost and companies have only minor control against the lobbying power of forest owners. In response, sawmills are doing whatever...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sawmills & Wood Production industry in Canada in 2024?
The market size of the Sawmills & Wood Production industry in Canada is $18.9bn in 2024.
How many businesses are there in the Sawmills & Wood Production in Canada industry in 2024?
There are 867 businesses in the Sawmills & Wood Production industry in Canada, which has declined at a CAGR of 4.4 % between 2019 and 2024.
Has the Sawmills & Wood Production industry in Canada grown or declined over the past 5 years?
The market size of the Sawmills & Wood Production industry in Canada has been declining at a CAGR of 0.5 % between 2019 and 2024.
What is the forecast growth of the Sawmills & Wood Production industry in Canada over the next 5 years?
Over the next five years, the Sawmills & Wood Production industry in Canada is expected to grow.
What are the biggest companies in the Sawmills & Wood Production market in Canada?
The biggest companies operating in the Sawmills & Wood Production market in Canada are Canfor, West Fraser and Resolute
What does the Sawmills & Wood Production in Canada include?
Sawing and planing hardwood logs and Sawing and planing softwood logs are part of the Sawmills & Wood Production industry.
Which companies have the highest market share in the Sawmills & Wood Production in Canada?
The company holding the most market share in Canada is Canfor.
How competitive is the Sawmills & Wood Production industry in Canada?
The level of competition is high and steady in the Sawmills & Wood Production industry in Canada.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Precast Concrete Manufacturing in Canada
Complementors
- Logging in Canada
- Wood Panelling Manufacturing in Canada
- Millwork in Canada
- Paper Mills in Canada
International industries
- Sawmills & Wood Production in the US
- Log Sawmilling in Australia
- Wood Chipping in Australia
- Log Sawmilling in New Zealand
- Wood Chipping in New Zealand
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
