This industry profile provides a five-year forecast for Canada’s Furniture Industry.
Canada’s Furniture Products Manufacturing Industry: Industrial Profile Summer 2013
Canada’s Furniture Products Manufacturing Industry: Industrial Profile Summer 2013
Industry Economic Analysis
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- U.S. Housing—Strength in the U.S. housing market is boosting the industry’s exports, which are up 5 per cent in the first five months of this year compared with last year.
- Offshoring—Facing strong import competition, many Canadian furniture manufacturers have moved their factories overseas, where labour and production costs are lower.
- Input Costs—The price of major industry inputs, such as wood products, plastic, and fabricated metals, continues to appreciate, which is hurting profitability.
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