$2.3bn
$XXX.Xm
4,508
237
$XXX.Xm
Industry businesses have faced challenging conditions over the past few years. Demand from downstream wood product manufacturers and building construction industries has influenced the industry's performance. Along with greater substitute competition, reduced demand from carpentry services amid the COVID-19 pandemic has been detrimental to the industry. Demand has stayed afloat as the country recovers from the pandemic's economic and social disruptions. Overall, industry revenue has grown at an annualised 0.4% over the past five years and is expected to total $2.3 billion in 2023-24, when revenue drops by an anticipated 4.1%. Declining demand from carpentry services and house construction is contributing to this trend.The domestic price of timber has surged, increasing operating costs and pushing down profit margins. Some businesses have struggled to pass on cost increases to downstream markets. Greater competition from substitute products, like concrete and steel, has been the primary driver for this trend, while demand falls during the COVID-19 pandemic have left some businesses with excess inventory. Industry manufacturers have invested in new technology, including scanning systems and automated cutting machines, to minimise wood waste, maximise output and adapt to these challenging operating conditions.Industry operating conditions are set to improve going forwards as the COVID-19 pandemic's adverse effects dissipate. Plantation tree availability will continue dipping, while demand for substitute products from the construction sector will remain strong. Despite these factors, industry revenue is forecast to climb at an annualised 2.3% over the five years through 2028-29 to total $2.6 billion. Growth in wood product manufacturing and building construction activity is set to boost demand for resawn and dressed timber.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $2.3bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Hyne & Son | 206.2 | |
Timberlink Australia | 120.3 | |
AKD Softwoods | 115.2 |
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Industry revenue is measured across several distinct product and services lines, including Dressed building timber, Resawn and seasoned timber and Solid wood flooring and mouldings. Dressed building timber is the largest segment of the Timber Resawing and Dressing in Australia.
Increased home renovation activity during the pandemic has ramped up demand for dressed building timber
Companies in the industry resaw and dress timber to produce building timber, solid timber floorboards, weatherboards and mouldings. Industry firms also kiln dry, season and resaw timber that has already been sawn at other mills. These products are sold to wood product manufacturers such as plywood and veneer makers, other timber resawing and dressing operations, furniture manufacturers and the building construction sector.
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ANZSIC 1413 - Timber Resawing and Dressing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Industry performance relies significantly on carpentry services businesses. Demand for carpentry services shrunk owing to the pandemic, constraining industry growth.
Learn about an industry's products and services, markets and trends in international trade.
Despite causing construction activity to slow down, the pandemic led to greater home renovation activity. This trend has boosted demand for dressed timber.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry businesses base themselves close to population hubs. This is primarily because construction activity and demand for carpentry services are centred on areas with dens...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price is a substantial basis of competition for industry businesses. To reduce costs, industry manufacturers integrate themselves with suppliers, allowing them to charge lowe...
Learn about the performance of the top companies in the industry.
The proper focus on investments is imperative to company success. Several major players like Hyne & Son, Timberlink and AKD have maintained market share because of their stra...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulations imposed on upstream forestry and logging firms indirectly affect the industry. For example, regional forest agreements influence the industry’s timber supply.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Timber prices have risen over the past years owing to limited supply. This trend has shrunk industry profitability as a share of revenue.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Timber Resawing and Dressing industry in Australia is $2.3bn in 2024.
There are 237 businesses in the Timber Resawing and Dressing industry in Australia, which has declined at a CAGR of 1.7 % between 2018 and 2023.
The market size of the Timber Resawing and Dressing industry in Australia has been growing at a CAGR of 0.4 % between 2018 and 2023.
Over the next five years, the Timber Resawing and Dressing industry in Australia is expected to grow.
The biggest companies operating in the Timber Resawing and Dressing market in Australia are Hyne & Son, Timberlink Australia and AKD Softwoods
Resawn and seasoned timber and Dressed building timber are part of the Timber Resawing and Dressing industry.
The company holding the most market share in Australia is Hyne & Son.
The level of competition is moderate and increasing in the Timber Resawing and Dressing industry in Australia.