| Product Code: ETC5370954 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Canada lumber market, the import trend experienced significant growth from 2023 to 2024, with a notable rate of 24.35%. The compound annual growth rate (CAGR) for the period from 2020 to 2024 stood at 6.84%. This substantial increase in import momentum can be attributed to a shift in demand patterns, reflecting evolving market dynamics and potentially influenced by changing trade policies or market recovery efforts.
The lumber market is critical to Canadas economy, with the country being one of the largest global exporters. The market is driven by demand from construction and furniture industries.
The Canadian lumber market is driven by both domestic demand for housing and international exports, particularly to the United States. Sustainable forestry practices and policies from the Canadian government, alongside global demand for wood-based products such as furniture, construction materials, and paper, also impact the industry. Additionally, environmental concerns and efforts toward carbon sequestration in the forestry sector boost the market.
The lumber market in Canada faces challenges related to fluctuating timber prices and supply chain disruptions, which can impact production and pricing stability. Additionally, environmental regulations and sustainability concerns influence lumber harvesting practices and market dynamics. The market must also address competition from alternative building materials and adapt to changing construction trends. Managing costs and ensuring a stable supply of high-quality lumber while meeting regulatory requirements are key challenges.
The Canadian government manages the lumber market through policies that promote sustainable forestry practices and responsible resource management. Regulations are in place to ensure that lumber production adheres to environmental and safety standards. The government supports industry initiatives for sustainable logging, reforestation, and conservation practices to maintain the health of forest ecosystems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Lumber Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Lumber Market Revenues & Volume, 2021 & 2031F |
3.3 Canada Lumber Market - Industry Life Cycle |
3.4 Canada Lumber Market - Porter's Five Forces |
3.5 Canada Lumber Market Revenues & Volume Share Segmentations, 2021 & 2031F |
3.6 Canada Lumber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Canada Lumber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for wood products in construction industry |
4.2.2 Increase in residential construction activities |
4.2.3 Export opportunities due to trade agreements and global market demand |
4.3 Market Restraints |
4.3.1 Fluctuations in lumber prices and market volatility |
4.3.2 Environmental regulations impacting logging and production processes |
5 Canada Lumber Market Trends |
6 Canada Lumber Market Segmentations |
6.1 Canada Lumber Market Segmentations |
6.1.1 Overview and Analysis |
6.1.2 Canada Lumber Market Revenues & Volume, By Hardwood Lumber, 2021-2031F |
6.1.3 Canada Lumber Market Revenues & Volume, By Softwood Lumber, 2021-2031F |
6.2 Canada Lumber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Lumber Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Canada Lumber Market Revenues & Volume, By Furniture, 2021-2031F |
6.2.4 Canada Lumber Market Revenues & Volume, By Flooring, 2021-2031F |
6.2.5 Canada Lumber Market Revenues & Volume, By Moldings, 2021-2031F |
6.2.6 Canada Lumber Market Revenues & Volume, By Others, 2021-2031F |
7 Canada Lumber Market Import-Export Trade Statistics |
7.1 Canada Lumber Market Export to Major Countries |
7.2 Canada Lumber Market Imports from Major Countries |
8 Canada Lumber Market Key Performance Indicators |
8.1 Average price of lumber products |
8.2 Housing starts and building permits issued |
8.3 Export volume of lumber products |
8.4 Sustainability certifications for lumber production |
8.5 Employment levels in the forestry sector |
9 Canada Lumber Market - Opportunity Assessment |
9.1 Canada Lumber Market Opportunity Assessment Segmentations, 2021 & 2031F |
9.2 Canada Lumber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Canada Lumber Market - Competitive Landscape |
10.1 Canada Lumber Market Revenue Share, By Companies, 2024 |
10.2 Canada Lumber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |