An economic assessment of the western redcedar industry in British Columbia / Christopher Gregory, Alec McBeath, and Cosmin Filipescu. : Fo149-13/2017E-PDF

“Western redcedar is one of the most valuable commercial tree species in British Columbia. The western redcedar industry generates over $1 billion in economic activity annually and provides nearly 1900 jobs. Recent trends indicate a relative decline in the demand for redcedar products. British Columbia has the world’s largest supply of standing redcedar, hence the renewed interest in better understanding the redcedar economy. In addition, published information on the economics of western redcedar is sparse. This report presents a compilation of currently available data and an analysis of trends to inform stakeholders, government, and industry. In addition, information gaps are identified to guide future research and data collection. We have not conducted a formal economic impact assessment; rather, we have surveyed the major sources of revenue and employment and report on how these contribute to the economy. Overall, lumber production has the largest impact, generating over $750 million in 2014, followed by shake and shingle production, which generated an estimated $175 million. With the uncertainty surrounding world economies, diversification of trade partners is required to ensure a thriving redcedar industry”--Abstract, p. 2.

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