Logging in Canada
Over the five years to 2017, demand for timber and other industry products has remained strong due to rising demand from Asian markets as well as a boost in US construction activity, despite a slight drop in Canadian housing starts. However, revenue growth for Canada's Logging industry has been constrained by continued declines in paper usage, which will continue to hinder industry growth moving forward. Additionally, other threats to industry operators include the looming potential of mountain pine beetle infestations, which can devastate forests and constrain industry supply. Furthermore, regulations and trade agreements may also pose a threat to industry revenue over the next five years, along with a continued decline in demand from paper mills.
Operators in this industry buy and lease log harvesting equipment and vehicles, which they then use to fell trees. The trees are then transported as sawlogs to sawmills and pulp mills. Companies that are primarily engaged in the breeding, planting or growing of trees are excluded from this industry and are instead classified under the Timber Services industry (IBISWorld report 11311).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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