Industry, Sector, And Area Analysis Of Wood Industry

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II. Industry, Sector, and Area Analysis
Manufacturing industry refers to those industries which involves processing and preparing products from raw materials into finished goods.This includes all lumber and woods. It also includes foods, chemicals, machines, and equipments. It is the production of merchandise for use or for sale with the use of tools, raw materials, machines, and labor. Raw materials are transformed into finished goods to be able to be sold. Manufacturing industries play an important role in the economy since they contribute huge share of the labor force and produce materials needed by the customers. Under the manufacturing industry is the Lumber and Wood Industry. It is the kind of industry of The Carpenter. Lumber and Wood
We can observed on the graph that the wood industry in 2014-2015 is the lowest rate of the wood industry.
So in 2012 the wood industry’s performance can be ranked as an average performance because the growth rate is not that high but it is not that low. So in 2012 the demand for wood products is not that high but there are people or businessman that are interested at buying or putting up a wood business. The 3.3% growth rate in 2012 of the wood industry shows that the wood industry can have the potential to compete with other industries.
In 2013 the growth rate of the wood industry increases to 19.1%. So in this year the growth rate increases by 15.8% from 3.3% in 2012. This means that the wood industry’s performance is going really well and is at high demand for people who buys wood products for their personal needs, also the businessman is investing big money to a wood business because it shows that the wood industry is going well and going strong in the business
It means that the wood industry is being overmatched by other industries like fashion, food, and other industries that are in trend on that year. So the wood industry are beginning to lessen and lessen on that year because people or businessman are into other industries. So there are very few businessman who is investing and putting up a wood industry on the year 2014.
In 2015, the growth rate of the wood industry increases its performance compared to the previous year, at this point the wood industry are solving the problems that they’re encountering the previous year. So the growth rate of wood industry in 2014 to 2015 increases by 2.6%, it means that their solution is working for the wood industry. They are competing again with the trends of other industries. It’s a good sign that they’re increasing in the growth rate because everyone needs wood products.
So, the last year in the graph is 2016, In 2016 the growth rate of the wood industry compared to the year 2015, it increases with a really big percentage. The growth rate of the wood industry increases by a massive 35.3%. So it means that their solution really is a great solution for their industry. The businessman and the demand of the people has increases rapidly with just a

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