Wood Industry Fall 2021

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FACTS AND STATS

$9.7 million Approximately 9.7 million tons of office furniture end up in landfills every year. Source: Environmental Protection Agency

$30,000 According to the Canadian Home Builders’ Association, the cost of a typical 2 500-square-foot home was up by $30,000 in 2020, as a result of rising construction materials costs, including prices for structural lumber and wood-based structural panels such as plywood. Source: Statistics Canada

$1.5 billion

The kitchen cabinet industry generates an estimated $1.5 billion in annual sales and employs more than 25,000 Canadians in an estimated 4,000 SMEs Source: Canadian Kitchen Cabinet Association

11.9% Revenue from wood product manufacturing fell 11.9% in 2019, following seven consecutive increases which had resulted in a growth of 80.5%. Domestic and United States demand for Canadian wood products declined in 2019. Housing starts in Canada were down 2.0% to 208,685 units in 2019, while exports of wood products to the United States fell 14.8% or $2.2 billion to $12.3 billion. Source: Statistics Canada

36%

36% of the country’s furniture manufacturers are in Québec

Source: Quebec Furniture Manufacturers’ Association

$11.6 billion Retail sales of furniture stores in Canada amounted to approximately 11.6 billion Canadian dollars in 2020

Source: Statista

92 cents For every dollar earned in total revenue in 2019, manufacturing companies spent an average of 92 cents in total expenses. The wood product industry spent the most at 97 cents. Source: Statistics Canada www.woodindustry.ca 41


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