The market is dominated by domestic suppliers, as imports account for 10.5% of total market size in 2023. B2B drives market demand, with B2B spending representing 93.0% of total demand in 2023. Canada has the fourth largest market size for wood and wood products across the top 20 developed countries, with demand reaching USD29.5 billion in 2023. West Fraser Timber Co Ltd is the largest company in Canada, generating 7.0% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 14.7% of total production value in 2023. The total number of companies decreases in 2023, to 10,188 units. The costs of the industry decrease by 13.3% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 19.7% of production value in 2023, the sixth highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 33.1% of total production output. With production value of USD39.4 billion, Canada accounts for 17.9% of the North America total in 2023.
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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
Forestry, Wood and Paper is an aggregation of Forestry, Wood and Wood Products; Corrugated Paper, Paperboard and Containers; Disposable Paper Products; Pulp, Paper and Paperboard.
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