Lumber Wholesaling in Canada - Industry Market Research Report

Rotting Wood: the Industry Will Likely Benefit from Renewed Demand from Nonresidential Construction Markets

The Lumber Wholesaling industry in Canada has fared with global volatility exacerbated by the COVID-19 pandemic, creating challenging conditions for companies and downstream clients like construction contractors, home improvement stores and hardware stores. The price of lumber soared globally as demand for new construction soared, especially in the United States. While exports and imports are not tracked at a wholesale level, many companies do sell across the border; as a result, conditions in the United States affect revenue. However, construction activity has since been pressured, tempering demand from downstream markets. With industry revenue forecast to decline 23.4% in 2023 alone, the overall industry is expected to contract at a CAGR of 3.2% to $13.4 billion over the five years to 2023. The Lumber Wholesaling industry in Canada distributes a range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores and hardware stores. The industry does not include wholesalers that distribute roofing and siding materials that are not made out of wood, nor does it include establishments that distribute timber and timber products, such as logs and pulpwood. 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.