Logging in Canada Industry Market Research Report Now Available from IBISWorld - ABC6 - Providence, RI and New Bedford, MA News, Weather

Logging in Canada Industry Market Research Report Now Available from IBISWorld

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In the five years to 2019, the Logging industry is expected to continue growing, mostly due to increased demand for construction lumber; nevertheless, depleted forests and a continued decline in demand from paper mills will hinder growth. For these reasons, industry research firm IBISWorld has added a report on the Logging in Canada industry to its growing industry report collection.

New York, NY (PRWEB) August 25, 2014

The Logging industry in Canada supplies primary wood inputs to sawmills and paper mills for further processing. In the past five years, a boost in construction activity in the United States and Canada has boosted demand for timber, and the industry has been able to increase its harvest to meet downstream forest products manufacturers' needs. However, a continued decline in paper usage has led demand from paper mills to plummet in the past five years, partially stemming revenue growth.

According to IBISWorld Industry Analyst Antal Neville, Export growth has been a considerable driver of revenue in the past five years. Demand for lumber plummeted in North America, due to the crash in housing markets in Canada and, to a greater extent, the United States, during the past five-year period. Therefore, loggers sought other markets for their products. A construction boom in China led to rapidly increasing demand for logs in that country, and Chinese wood manufacturers turned to loggers in North America to meet this demand. Industry exports have grown at an astounding annualized rate in the five years to 2014, with the most of this growth coming from China.

Despite growing demand, threats to the industry loom. For the past two decades an epidemic of mountain pine beetles has devastated forests in British Columbia and Alberta. Natural Resources Canada estimates that 50% of British Columbia's commercial lodgepole pine has been killed since the 1990s. Dead trees are still harvestable for eight to 12 years before they begin to deteriorate, but the vastly depleted stock is expected to catch up with the industry in the next five years. Some research suggests that Canada's forests will not be able to sustain demand from downstream sawmill operations, causing number of mills in British Columbia's interior to close shop.

Depleted forests and a continued decline in demand from paper mills are expected to hinder revenue growth in the next five years, says Neville. Nevertheless, forecasts for construction activity are strong, and Canadian loggers will experience ongoing demand from residential construction markets in both Canada and the United States, leading to annualized revenue growth in the five years to 2019.

For more information, visit IBISWorlds Logging in Canada industry report page.

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IBISWorld industry Report Key Topics

This industry buys and leases log-harvesting equipment and vehicles and uses them to fell trees. The trees are then transported as sawlogs to sawmills and pulp mills. The industry excludes companies that are primarily engaged in breeding, planting or growing trees.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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