FACTS AND STATS
13%
An average price increase of 13% was passed along to consumers in 2021, and an additional 13% is in store for 2022. Source: National Kitchen and Bath Association
14.6% Prices of lumber and other sawmill products increased by 14.6%.
98%
Source: Statistics Canada
98% of retailers said vendors raised prices in Q4 and 40% said prices on wood goods were the most common to increase. Source: National Kitchen and Bath Association
39.1%
38
Sales of wood products rose 6.5% to $4.1 billion in January, the fifth consecutive monthly increase driven by higher prices.
38 Canadian companies were within the top 300 woodworking firms in North America
Source: Statistics Canada
Source: FDMC Top 300 List
19% Kitchen and bath revenues are expected to grow by 19% for the second straight year.
24.2% Wood product manufacturing contributed 24.2% to total manufacturing sales in January in BC.
Source: National Kitchen and Bath Association 56 WOOD INDUSTRY SUMMER 2022
Source: Statistics Canada
