Revenue increases driven by price
Total revenue from all logging activities increased 16.3% (+$1.7 billion) from 2020 to $11.9 billion in 2021. The logging industry consists of two sub-industries: logging (except contract) and contract logging. Overall, total revenue was split almost equally between the two sub-industries, logging (except contract) contributed 52% ($6.2 billion), while contract logging contributed 48% ($5.7 billion).
Revenue from logging activities, which excludes revenues from sources other than logging, such as secondary business activities, was up 13.6% (+$1.3 billion) from 2020, reaching $10.9 billion in 2021. This increase in revenues was driven by a 25.8% increase in the average annual prices of logs, pulpwood and other forestry products, as measured by the Raw Materials Price Index.
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