Table of Contents
How big is the wood industry?
Lumber Wholesaling in the US – Market Size 2002–2027
| $131.6bn | Lumber Wholesaling in the US Market Size in 2022 |
|---|---|
| 6.2% | Lumber Wholesaling in the US Annualized Market Size Growth 2017–2022 |
| Purchase this report or a membership to unlock our data for this industry. | Lumber Wholesaling in the US Market Size Growth 2022–2027 |
How much is the wood industry worth?
The global wood products market is expected to grow from $624.22 billion in 2020 to $666.43 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%.
What is the wood products industry?
The wood product manufacturing subsector is part of the manufacturing sector. Industries in the Wood Product Manufacturing subsector manufacture wood products, such as lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes (i.e., mobile homes), and prefabricated wood buildings.
Who consumes the most wood in the world?
China, by far the largest producer and consumer of wood- based panels and paper, has grown in importance as both a producer and consumer of forest products, and has recently overtaken a number of other big players in key product groups (e.g. the United States of America in sawnwood production).
Is the wood industry growing?
The global wood products market size is expected to grow from $631.11 billion in 2021 to $684.26 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The wood product market is expected to grow to $903.33 billion in 2026 at a CAGR of 7.2%.
What is the demand for wood?
Demand of wood for pulp and chips is 44.93 million m³. Supply of domestic wood declined by 6.4% to 22.92 million m3 compared with the previous year, whereas those of imported wood increased by 4.7% to 89.02 million m3.
Is wood manufacturing profitable?
2. Wooden Furniture Making. Wooden furniture making one of the earliest age industries in India and still is considered profitable.
What country exports the most wood?
China
China continues to be the largest exporter of wood products. The United States (US), Poland and Indonesia jumped up in the ranking due to a rapid increase in their exports value, bumping down Germany and Sweden. Overall, the top 10 exporting countries accounted for 65% of total global wood product exports in 2016.
Where does IKEA get its wood?
All acacia we use comes from FSC certified plantations. Together with our suppliers, smallholder farmers and partners like WWF, IKEA ensures that acacia is grown in a way that is better for the environment and the local communities.
What country is the biggest supplier of wood?
China, by far the largest producer and consumer of woodbased panels and paper, has grown in importance as both a producer and consumer of forest products, and has recently overtaken a number of other big players in key product groups (e.g. the United States of America in sawnwood production).
Is there a high demand for wood?
There is high demand for lumber, thanks to the booming housing market and new construction. “The number of apartments that are under construction today is the highest it’s been since 1974,” Mark Vitner, a senior economist with Wells Fargo, said.
How profitable is a woodworking business?
Woodworking is an undeniably profitable industry. In fact, the US woodworking industry was already valued at $258.5 billion in 2018 and is expected to reach an astonishing $291.3 billion by 2024. For those who are highly skilled, woodworking is a lucrative industry.
Who are the largest companies in the wood product manufacturing industry?
Biggest companies in the Wood Product Manufacturing industry in the US The companies holding the largest market share in the Plumbing Goods Wholesaling in Australia industry include Reece Limited and Fletcher Building Limited.
What is the wood product manufacturing sub sector?
The wood product manufacturing subsector is part of the manufacturing sector. Industries in the Wood Product Manufacturing subsector manufacture wood products, such as lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes (i.e., mobile homes), and prefabricated wood buildings.
Where can I find employment estimates for wood product manufacturing?
For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for wood product manufacturing. This section presents data on employee earnings and weekly hours. The latest industry averages of hourly earnings and weekly hours are shown.
What are the different types of wood products?
Industries in the Wood Product Manufacturing subsector manufacture wood products, such as lumber, plywood, veneers, wood containers, wood flooring, wood trusses, manufactured homes (i.e., mobile homes), and prefabricated wood buildings.