Forestry: United States
This report forecasts annually to 2027 US forestry revenues in nominal US dollars.
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Report Overview
This report forecasts annually to 2027 US forestry revenues in nominal US dollars. Total revenues are segmented by activity in terms of: logging, support activities, timber tract operations, and forest products and nurseries.
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2012 to 2022. The number of firms, establishments, and employment are provided in annual series from 2011 to 2021.
Firms whose primary revenue streams are derived from sales of Christmas trees, wood pellets, or maple syrup are excluded from the scope of this report. In addition, revenues of real estate investment trusts (REITs) that manage timberland are not in scope.
Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.
Related NAICS Codes:
113110 Timber Tract Operations
113210 Forest Nurseries and Gathering of Forest Products
113310 Logging
115310 Support Activities for Forestry
Table of Contents
HIGHLIGHTS- Historical Trends
- Key Economic Indicators
- Environmental & Regulatory Factors
- Logging
- Support Activities
- Timber Tract Operations
- Forest Products & Nurseries
- Industry Characteristics
- Industry Leaders
- Scope
- Sources
- Industry Codes
- Freedonia Methodology
- Resources
- Figure 1 | Key Trends in US Forestry Revenues, 2022 - 2027
- Figure 2 | US Forestry Revenues & Nominal Wood Products Shipments, 2012 - 2022
- Figure 3 | US Forestry Revenues & Real Wood Products Shipments, 2012 - 2022
- Table 1 | Key Indicators for US Forestry Revenues, 2012 - 2027 (US$ bil)
- Figure 4 | US Forestry Revenues by Activity, 2012 - 2027 (US$ bil)
- Table 2 | US Forestry Historical Revenues by Activity, 2012 - 2022 (US$ mil)
- Table 3 | US Forestry Forecast Revenues by Activity, 2022 - 2027 (US$ mil)
- Figure 5 | US Forestry Revenues by Activity Performance Index, 2012 - 2027 (2012=1.00)
- Figure 6 | US Forestry Revenues by Activity, 2012 - 2027 (%)
- Figure 7 | US Forestry Firms, Establishments, & Employment, 2011 - 2021
- Table 4 | US Forestry Firms, Establishments, & Employment, 2011 - 2021
- Table 5 | Leading Participants in the US Forestry Industry
- Table 6 | NAICS & SIC Codes Related to Forestry
The US-China trade war reduced the demand and prices for US hardwoods, as China imposed retaliatory tariffs. On the other hand, the tariffs on Canadian softwood imports have increased the prices and reduced the supply of softwood lumber in the US market.
Some of the environmental and regulatory factors that affect the US forestry industry include limits on the size and nature of harvesting operations, requirements to reforest harvested area, pollution controls, permitting approval processes, and voluntary certification by industry organizations.
In 2021, revenues started to rebound from COVID-19 pandemic era lows, supported by growth in inflation-adjusted wood products shipments and packaging output, driving revenues to a peak in 2022.
