The market is dominated by domestic suppliers, as imports account for 15.1% of total market size in 2020. B2B drives market demand, with B2B spending representing 94.7% of total demand in 2020. Canada has the seventh largest market size for wood and wood products across the top 20 developed countries, with demand reaching USD16.9 billion in 2020. West Fraser Timber Co Ltd is the largest company in Canada, generating 9.6% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 22.6% of total production value in 2020. The total number of companies decreases in 2020, to 10,202 units. The costs of the industry decrease by 9.7% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 9.3% of production value in 2020, the 13th highest across the top 20 developed countries. With production value of USD24.3 billion, Canada accounts for 17.1% of the North America total in 2020.
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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
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