Hardwood Industry Economic Impact Study 2022

In 2025 the Hardwood Industry updated the 2019 economic impact study.  S&P Global Commodity Insights collected and analyzed the most recent federal economic census data (2022) for the U.S. and all 50 states.

  • Employment - Jobs supported by the hardwood industry complex
  • Gross State Product - The total value added by each step in the supply chain.  This is the summation of labor income, profit, taxes and indirect business taxes.
  • Labor Income - Comprised of proprietor income, employee wages and benefits.
  • Output - Defined as the summation of business revenues and industry sales.
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