First Research US Industry Profile

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Timber Operations
SIC Codes: 0811, 0831, 2411
NAICS Codes: 113
Last Quarterly Update: 4/15/2019
Companies in this industry own timberlands and grow and harvest timber on production cycles of 10 years or more, primarily for use as lumber. Major companies include US-based PotlatchDeltic, Rayonier, and Weyerhaeuser, as well as Canfor, Resolute Forest Products, and West Fraser (Canada), Stora Enso (Finland), and Svenska Cellulosa (Sweden).
Top timber-producing countries include Brazil, Canada, China, India, Russia, and the US. Trade in cut timber, though significant, is limited because of the cost of transporting such a bulky product relative to the product's value. Trade in value-added wood products such as lumber and plywood is substantial.
The US timber operations industry includes about 8,800 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $13 billion.
Some large companies have vertically integrated operations that may combine land ownership, land management, logging, sawmills, and manufacturing of wood or paper products. Companies that grow Christmas trees and other trees (woody crops) on production cycles of less than 10 years, primarily for use by the paper and pulp industries or as raw materials for engineered wood products, are not included in the industry.
Competitive Landscape
Demand for timber used to make lumber is driven primarily by residential construction activity. The profitability of individual companies depends on efficient operations. Large logging companies can have a cost advantage over smaller ones through the use of more efficient (and more expensive) machinery, but logging is a very local activity, often without significant economies of scale.
Products, Operations & Technology
Larger diameter trees are typically classified as high-value sawtimber, which can be processed into lumber, plywood, and veneer. Smaller diameter trees ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

01/07/2019
10/01/2018
07/02/2018
04/02/2018
01/08/2018
10/02/2017
07/03/2017
04/03/2017
01/02/2017
09/26/2016
06/13/2016
03/07/2016
11/30/2015
09/07/2015
06/08/2015
03/02/2015
12/01/2014
09/08/2014
06/16/2014
03/24/2014
12/16/2013
09/23/2013
07/01/2013
04/08/2013
01/07/2013
10/01/2012
07/16/2012
04/23/2012
01/23/2012
10/10/2011
07/11/2011
03/28/2011
12/13/2010
09/20/2010
06/07/2010
03/15/2010