In 2023, the value added of sawmills and wood preservation in Canada was 6.9506 billion Canadian dollars, reflecting a modest year-on-year increase of 3.11%. The period from 2013 to 2023 showed considerable fluctuations, with significant growth in 2017 (33.82%) and dramatic decline in 2019 (-38.17%). Over the last five years, the compound annual growth rate (CAGR) was -1.99%, indicating fluctuating market conditions. Future projections indicate a forecasted five-year CAGR of 2.17%, expecting a gradual but steady growth until 2028, reaching 7.9684 billion Canadian dollars.
Future trends to watch include the impact of sustainability practices, advances in wood preservation technology, and potential fluctuations in demand from the construction sector. Market stakeholders should also monitor global trade dynamics and environmental regulations that may affect production costs and export opportunities.
