The Sawmills and Wood Preservation industry in Canada experienced significant revenue fluctuations from 2013 to 2023. Revenue peaked in 2018 and 2022-2023 saw marginal year-on-year growth of approximately 1.36%. The 5-year CAGR leading to 2023 was minimal at 0.093%, indicating a period of relative stability despite prior volatility.
From 2024, forecasts suggest modest growth in industry revenues, with a projected 1% CAGR, culminating in a forecasted 5.1% increase in overall value by 2028.
Future Trends to Watch for:
- Technological advancements in sawmilling processes.
- Increasing sustainability initiatives affecting wood sourcing.
- Potential impact of climate change on wood supply.
- Trade policies impacting wood export and import dynamics.
- Shifts in global demand for wood products, particularly from emerging markets.
