Hardwood Economic Impact Data Finalized

In 2019, member associations of the Hardwood Federation came together to fund and released the first national survey of the economic impact of the U.S. Hardwood Industry. Based on 2016–2017 data, the most recent available at the time, the report showed the significant impact generated by the domestic manufacture of hardwood products.

Thanks to significant financial support from the U.S. Endowment for Forests and Families, as well as generous contributions from 10 Federation members, these reports have now been updated using 2022 federal economic census data; again the most recently available data.

As in 2019, the data showed significant economic impact of the industry on the national as a whole as well as in individual states. (2022 Report) To reflect the realities of our current time, this work was supplemented by a look at the impacts of these challenges between 2022 and 2025. The Supplemental Report may be viewed here. SP Global conducted the analysis.