Canadian sawmills: highest level of sales since 2007
Friday 9 Aug 2013According to the Canada's National Statistical Agency, total sales in the wood product industry were up 19.7% over the 12-month period from June 2012 to May 2013 compared with the same period one year earlier. By comparison, total manufacturing sales in Canada, excluding wood products, decreased 1.1% over the same period.
Wood product manufacturing was one of only eight industries where sales increased from June 2012 to May 2013, and represented both the largest dollar gain and largest percentage gain by industry. Sales in wood product manufacturing reached $22.7 billion from June 2012 to May 2013, their highest point since 2007/2008.
The rise in exports was largely attributable to growth in the US housing market. Data published by the US Census Bureau report that unadjusted housing units started in the United States reached 863,600 units from June 2012 to May 2013, up 28.9% compared with the same period a year earlier. The IPPI indicates that wood prices in sawmills and wood preservation industry have risen 10.5% over this period as a result of increased demand.
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