It’s not quite in the position to dethrone the agriculture or mining sectors just yet, but it appears Saskatchewan’s forestry sector is beginning to boom.
Latest information from 2017 shows the sector hit $1.2 billion in sales, a 21% increase from 2016, when sales sat at around $948 million.
Minister of Energy and Resources Bronwyn Eyre said this shouldn’t come as to great a surprise, as the sector has quietly been gaining steam over the last few years.
“The number of people employed in the industry, the number of people who are First Nations who are employed in the industry are significant,” she said. “Absolutely, it’s the best kept secret in terms of a success story the province has seen.”
Eyre said the increase can be primarily tracked to increased to demand in products, most specifically so from their chief importers.
“Growth in demand, in terms of our main exports countries,” noted Eyre. “Asia and the US predominantly. 75% of exports are to those two regions.”
Eyre says to her knowledge, this is the first time the sector has reached the billion dollar mark in sales.