In 2023, the Cost of Goods Sold (COGS) for Lumber, Millwork, Hardware, and Other Building Supplies Merchant Wholesalers in Canada stood at an estimated value of 55.940 billion CAD. The forecast for consecutive years shows a steady increase, with the COGS projected to rise from 57.271 billion CAD in 2024 to 66.453 billion CAD in 2028. Over the forecast period, the compound annual growth rate (CAGR) of the COGS is approximately 3.5%.
Future trends to watch for:
- Impacts of economic fluctuations on the housing market and construction sector.
- Sustainability initiatives influencing material sourcing and production costs.
- Technological advancements improving supply chain efficiencies.
- Government policies on trade, tariffs, and infrastructure spending.
