The Canadian Lumber and Wood Industry is deemed to be significantly important as it plays a huge part in the GDP of the country and human development in many regions. The wood and lumber industry contributes around CAD 10 billion to the GDP and contributes to almost 7 percent of the total merchandise exports of the country. Canada is full of natural resources and therefore has around 10 percent of total world forest coverage, 25 percent of the wetland’s present in the world, and home to around 20 percent of the fresh water depots in the world. These huge natural resources makes it one of the biggest lumber and wood products exporter of the world with exports going to more than hundred countries and counting with a special emphasis on US, Europe, and Far-East.
The Canadian Lumber industry while manufacturing furniture and other sub products employ a large amount of workforce which also strengthens the economy. The Canadian inputs are used for all the industry related to furniture manufacturing and in some areas the lumber industry plays an important role in development of around 300 hundred remote destinations.
Declining Future Trends in Lumber and Furniture
The future trends in the furniture manufacturing and lumber industry shows a negative impact whereby exports are decreasing and less employment opportunities are present in the industry due to worldwide downturn of economies and less profit margins as they were used to be before. However, Canada is one of the biggest contributors to the wood used worldwide and therefore, there are still many opportunities prevailing inside the country with more construction, the furniture industry is set to progress but at a slower rate than in the past.
Buy and Sell Furniture and Other Products through Classifieds Site
The furniture and wood products in Canada are largely sold at showrooms but the downturn for this is the huge costs incurred by the showroom companies and galleries. The online classified platform has helped bring down costs considerably and provide a platform for new startups and designers which are introducing their product portfolio to the masses but cannot incur huge advertisement costs. Classified ads not only promote a single product but is effective in promoting arts, antiques, baby items, bikes, books, magazines, business, electronics, computer, accessories, clothing, free stuff, furniture, garage, shops, medical equipment’s, house hold items jewelry, accessories, musical instruments, phone, accessories, sports items, tickets, coupons, tools, toys, games, and several other products.
When comes to trading online, we recommend CatchFree.ca which is Canada’s largest online trading platform for new or used furniture and other home décor products. Visit CatchFree.ca now and start enjoying hundreds of cheapest deals available on the internet today without having to register or signup!