Timber Resawing and Dressing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: July 2023
ANZSIC C1413Revenue
$2.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
4,508
Businesses
237
Wages
$XXX.Xm
Timber Resawing and Dressing in Australia industry analysis
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.
Trends and Insights
- Industry performance relies significantly on carpentry services businesses. Demand for carpentry services shrunk owing to the pandemic, constraining industry growth.
- Despite causing construction activity to slow down, the pandemic led to greater home renovation activity. This trend has boosted demand for dressed timber.
- Industry businesses base themselves close to population hubs. This is primarily because construction activity and demand for carpentry services are centred on areas with dense populations.
- Price is a substantial basis of competition for industry businesses. To reduce costs, industry manufacturers integrate themselves with suppliers, allowing them to charge lower prices from downstream markets.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $2.3bn in 2023.
Trends and Insights
Industry performance is closely linked to wood product manufacturing and construction activity in Australia
- Industry revenue is primarily generated through carpentry businesses servicing residential housing construction and commercial construction projects.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Improving operating conditions will benefit industry performance
- Stronger demand from carpentry services, building construction, wooden furniture manufacturing and wood product manufacturing will drive industry growth in the future as the operating environment improves.
Biggest companies in the Timber Resawing and Dressing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Hyne & Son | 206.2 | |
Timberlink Australia | 120.3 | |
AKD Softwoods | 115.2 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Increased home renovation activity during the pandemic has ramped up demand for dressed building timber
- Dressed building timber, which is machine finished to produce a smooth finish, is used for housing and commercial applications like stabilised framing, internal joinery, lining and panelling, finger-jointed lengths, laminated beams and furniture.
- More insights available in the full report
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Competitors
- There are no industries to display.
Complementors
- Log Sawmilling in Australia
- Wooden Structural Component Manufacturing in Australia
- Pallets and Other Wood Product Manufacturing in Australia
- Forestry and Logging in Australia
- Fabricated Wood Manufacturing in Australia
International industries
- Millwork in the US
- Millwork in Canada
- Timber Resawing and Dressing in New Zealand
- Sawmilling & Wood Planing in the UK
- Sawmills in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Resawn and seasoned timberDressed building timberCommission timber drying and treatingSolid wood flooring and mouldingChemically preserved dressed timberCompanies
Hyne & SonTimberlink AustraliaAKD SoftwoodsPurchase this report to view all 6 major companies in this industry.
Related Terms
HARDWOODSOFTWOODTIMBER RESAWINGTIMBER DRESSINGIndustry Code
ANZSIC 1413 - Timber Resawing and Dressing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Industry performance relies significantly on carpentry services businesses. Demand for carpentry services shrunk owing to the pandemic, constraining industry growth.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Despite causing construction activity to slow down, the pandemic led to greater home renovation activity. This trend has boosted demand for dressed timber.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
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...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Price is a substantial basis of competition for industry businesses. To reduce costs, industry manufacturers integrate themselves with suppliers, allowing them to charge lowe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Hyne & Son's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Timberlink Australia's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of AKD Softwoods's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Hyne & Son, and factors influencing its performance in the industry
- Description and key data for Timberlink Australia, and factors influencing its performance in the industry
- Description and key data for AKD Softwoods, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulations imposed on upstream forestry and logging firms indirectly affect the industry. For example, regional forest agreements influence the industry’s timber supply.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Timber prices have risen over the past years owing to limited supply. This trend has shrunk industry profitability as a share of revenue.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Timber Resawing and Dressing industry in Australia in 2024?
The market size of the Timber Resawing and Dressing industry in Australia is $2.3bn in 2024.
How many businesses are there in the Timber Resawing and Dressing in Australia industry in 2023?
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.
Has the Timber Resawing and Dressing industry in Australia grown or declined over the past 5 years?
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.
What is the forecast growth of the Timber Resawing and Dressing industry in Australia over the next 5 years?
Over the next five years, the Timber Resawing and Dressing industry in Australia is expected to grow.
What are the biggest companies in the Timber Resawing and Dressing market in Australia?
The biggest companies operating in the Timber Resawing and Dressing market in Australia are Hyne & Son, Timberlink Australia and AKD Softwoods
What does the Timber Resawing and Dressing in Australia include?
Resawn and seasoned timber and Dressed building timber are part of the Timber Resawing and Dressing industry.
Which companies have the highest market share in the Timber Resawing and Dressing in Australia?
The company holding the most market share in Australia is Hyne & Son.
How competitive is the Timber Resawing and Dressing industry in Australia?
The level of competition is moderate and increasing in the Timber Resawing and Dressing industry in Australia.
