BeaverFever BeaverFever:
Alberta’s manufacturing sector is not nearly as diversified as Ontario's and is basically a niche focused on serving the energy sector and basic staples. It's only the 5th largest sector in a province of 4 million (lagging behind Energy, Environment, Forestry and Agriculture).
Why would it be? Diversification takes time.
People tend to forget that Alberta is
very diversified for our population size. As our population (market grows) are ability to diversify further will grow with it.
$1:
The biggest manufacturing category in Alberta is petroleum and coal products ($1.6 billion), which includes all the stuff that refineries in the province pump out. Other important categories are chemicals ($1.1 billion), machinery ($740 million) and fabricated metal ($500 million). The two main categories that are not related to the energy sector are food ($954 million) and wood and paper manufacturing ($329 million).
Yet no mention that the fastest growing manufacturing industries in Alberta are all still listed as "Emerging Industry".
They include:
Communications Technology
Health and Bio
Environmental Technology (who knew!)
Nanotechnology.
Our oil industry related manufacturing jobs will be our biggest for a long time, no question. But, they are not the fastest growing or what many Albertan's are banking on for the future.