Saskatchewan forestry sector sets new sales record in 2021
Editor’s Note: An earlier version of this story claimed the increase was due to the four major forestry projects happening in northern Saskatchewan and that the Carrot River sawmill project was completed last year instead of being announced.
Saskatchewan’s forestry sector reached an all-time high of $1.8 billion in forestry product sales in 2021, which represents an increase of 60 per cent from 2020.
The Government of Saskatchewan attributed the rise to increasing market prices for lumber and OSB, continued growth of Asian economies, and more housing starts in the U.S.
“These record numbers are more great news for Saskatchewan’s economy and show we’re fully on track to achieve our goals of doubling forestry sector growth by 2030 and substantially increasing the value of our exports,” said Energy and Resources Minister Bronwyn Eyre.