Lumber fell to 612.13 USD/1000 board feet on July 3, 2025, down 0.47% from the previous day. Over the past month, Lumber's price has risen 3.47%, and is up 37.26% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lumber - values, historical data, forecasts and news - updated on July of 2025.

Canada's production of softwood and hardwood lumber has been decreasing between 2017 and 2024. In general, there were lots of fluctuations in the amount of lumber produced within each single year, with December usually having the lowest production figures. In March 2024, there were 4.8 million cubic meters produced. There are also some factors that tend to impact United States cross-border purchases of Canadian lumber. Nominal price movements and the U.S. dollar to Canadian dollar exchange rate can also make an impact.

This table contains 30 series, with data for years 1961 - 2001 (not all combinations necessarily have data for all years), and was last released on 2001-10-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (8 items: Atlantic Region; Ontario; Quebec; Prairie Region ...), Commodities (9 items: Lumber; softwood; Lumber; softwood; Douglas fir; Lumber; softwood; spruce-pine-fir; Lumber; softwood; hemlock ...).

The price of lumber has seen both an overall increase, and large amounts of volatility since 2019. From its low in early April 2020 to its peak in May 2021, the price per 1,000 board feet of lumber increased almost sevenfold, reaching ***** U.S. dollars. Yet, after reaching this peak the price then fell to below *** U.S. dollars per 1,000 board feet in August 2021 before rising again to reach over 1,000 U.S. dollars in the beginning of 2022. Since then, the price per 1,000 board feet of lumber decreased overall, reaching *** U.S. dollars as of January 29, 2025.

Interactive chart of historical daily lumber prices back to 1972. The price shown is in U.S. Dollars per thousand board feet.

The industry has faced global lumber price volatility, creating challenging conditions for wholesalers and downstream clients like construction contractors, home improvement stores and hardware stores. In 2021 and 2022, the price of lumber soared globally as demand for new construction soared, especially in the United States. While exports and imports are not tracked at a wholesale level, many companies do sell across the border; as a result, conditions in the United States affect revenue. However, construction activity has since slowed, tempering demand from downstream markets. With industry revenue forecast to decline 0.2% in 2024 alone, the overall industry is expected to expand at a CAGR of 1.8% to $15.6 billion over the five years to 2024. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. The COVID-19 pandemic supercharged demand, especially as the Federal Reserve lowered interest rates to stimulate the housing market in the United States. However, construction activity has since been pressured as the Federal Reserve and the Bank of Canada have raised interest rates to combat inflation, contributing to the sharp decline in lumber prices. In 2024, the Bank of Canada began to cut rates, and the Federal Reserve is set to follow suit. Cumulatively, volatile lumber demand, seesawing prices and the imposition of duties have driven down profit margins across the industry. Lumber wholesalers are expected to see growth moving forward. Currently heightened interest rates are expected to be gradually cut over the coming years, stimulating demand from downstream construction markets. In tandem, the selling price of lumber is expected to climb, though it will not likely see the rampant inflation of recent years. Consequently, industry revenue is forecast to expand at a CAGR of 2.1% to $17.3 billion over the five years to 2029.

Get the latest insights on price movement and trend analysis of Softwood Lumber meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The recent housing market cycle has driven the sawmill and wood production industry’s performance. Initially, the surge in residential construction and renovation in Canada and the US in 2021, spurred by low interest rates and high disposable incomes, drove significant demand for softwood lumber, leading to a 43.5% jump in revenue for industry mills. However, rising interest rates in 2022 cooled housing demand, causing a significant drop in lumber prices and revenue. In 2024, the industry faced ongoing challenges due to rising costs, tariffs and reduced demand, with major companies like West Fraser and Canfor reporting losses and closing mills to correct the supply-demand imbalance for lumber. The longstanding Canada-US trade dispute over softwood lumber continues, with tariffs raised to 14.54% in 2024, prompting Canada to file legal challenges. Further increases are expected to be implemented in 2025. The industry is grappling with the impacts of severe wildfires that hinder mill operations and access to timber resources, further exacerbating economic difficulties. As a result, over the past five years, revenue has fallen at an estimated annualized rate of 4.0% to $18.8 billion through the end of 2025, with low growth of 1.6% forecast for the current year. Future performance will depend on the US and Canadian housing markets, which are facing challenges relating to home affordability. Tariffs from the ongoing softwood lumber dispute between the US and Canada will continue to affect industry sawmills, prompting companies to adapt by improving efficiency or relocating facilities. Market conditions are pushing major lumber players to consolidate operations, with some acquiring mills in the US to bypass tariffs. Natural threats like wildfires and wood-boring insects pose ongoing risks to log supplies essential for sawmill operations. Over the next five years, industry revenue is forecast to grow at a CAGR of 1.7% to $20.5 billion through the end of 2030.

Crown timber charges are composed of:

1. stumpage price
2. Forestry Futures Trust charge
3. Forest Renewal Trust charge

The stumpage price is made up of 3 components:

1. minimum price: adjusted annually and set by species and product sector on April 1 of each year
2. residual value price: adjusted monthly and varies based on market prices of product sectors and species
3. administration: $1.00/cubic metre for trees exported outside Canada for manufacturing

Stumpage prices (minimum and residual value) are calculated by using the Ontario Crown Timber Prices (Stumpage) monthly tables.

The licensee or Agent for the Crown is responsible for paying Crown charges.

The Forestry Futures Trust provides funding to renew forest areas affected by natural disasters like fire, blowdown or disease. Funding could also be provided in the event of an insolvency of a major licensee.

The Forest Renewal Trust charge provides dedicated funding for forest renewal. This charge, which is set annually, varies depending upon anticipated renewal costs.

Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data was reported at 138.800 Jan2020=100 in Mar 2025. This records an increase from the previous number of 134.600 Jan2020=100 for Feb 2025. Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data is updated monthly, averaging 88.100 Jan2020=100 from Jan 1981 (Median) to Mar 2025, with 531 observations. The data reached an all-time high of 230.500 Jan2020=100 in May 2021 and a record low of 48.200 Jan2020=100 in Nov 1981. Canada IPPI: NAPCS: Lumber & Other Wood Products (LP) data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I010: Industrial Product Price Index: NAPCS 2017: Jan2020=100.

As of June 20 2025, 2x4 western spruce-pine-fir (kiln dried) Utility #3 was the lowest priced type of lumber in North America, at *** U.S. dollars per 1,000 board feet. Meanwhile, 2x4 eastern spruce-pine-fir stood at *** Canadian dollars per 1,000 board feet.

Crown timber charges are composed of: 1. stumpage price 2. Forestry Futures Trust charge 3. Forest Renewal Trust charge The stumpage price is made up of 3 components: 1. minimum price: adjusted annually and set by species and product sector on April 1 of each year 2. residual value price: adjusted monthly and varies based on market prices of product sectors and species 3. administration: $1.00/cubic metre for trees exported outside Canada for manufacturing Stumpage prices (minimum and residual value) are calculated by using the Ontario Crown Timber Prices (Stumpage) monthly tables. The licensee or Agent for the Crown is responsible for paying Crown charges. The Forestry Futures Trust provides funding to renew forest areas affected by natural disasters like fire, blowdown or disease. Funding could also be provided in the event of an insolvency of a major licensee. The Forest Renewal Trust charge provides dedicated funding for forest renewal. This charge, which is set annually, varies depending upon anticipated renewal costs.

This table contains 179 series, with data for years 1956 - 2010 (not all combinations necessarily have data for all years), and was last released on 2010-09-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (181 items: Lumber and other wood products; Lumber and timber; Lumber and ties; hardwood; Lumber and ties ...).

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Reclaimed Lumber Market Size 2024-2028

The reclaimed lumber market size is forecast to increase by USD 8.2 mn at a CAGR of 3% between 2023 and 2028.

The market is experiencing significant growth due to increasing residential and commercial construction activities in North America. This trend is driven by the rising demand for sustainable and eco-friendly building materials. Additionally, the high wages in manufacturing hubs have led to an increase In the production and availability of reclaimed lumber. However, the market faces challenges such as the volatility in raw material prices and the availability of low-cost alternatives. Producers must navigate these factors to maintain profitability and meet the growing demand for reclaimed lumber. Overall, the market is expected to continue its growth trajectory, driven by the increasing focus on sustainability and the availability of ample supply from various sources.

What will be the Size of the Reclaimed Lumber Market during the Forecast Period?

Request Free SampleThe market experiences robust growth driven by the increasing demand for sustainable and eco-friendly construction materials. Reclaimed lumber, sourced from deconstructed buildings, infrastructure modernization projects, and FDI inflows, offers unique aesthetic appeal and authenticity, making it a popular choice for green homes, residential and commercial construction, flooring, furniture, and custom furniture. The market's size is significant, with applications spanning various sectors, including paneling and siding, cross-laminated timber (CLT), and wood-based construction. Environmental awareness and recycling initiatives fuel market expansion. Reclaimed lumber's use in sustainable construction practices, such as energy conservation, seismic performance, and landfill reduction, contribute to its popularity.Product innovation In the sector, including the development of new manufacturing techniques and treatments, further boosts demand. The trend toward sustainable building materials and eco-friendly practices continues to gain momentum, positioning reclaimed lumber as a preferred choice for construction activities.

How is this Reclaimed Lumber Industry segmented and which is the largest segment?

The reclaimed lumber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userCommercialResidentialIndustrialGeographyEuropeGermanyUKNorth AmericaCanadaUSAPACChinaMiddle East and AfricaSouth America

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period. Reclaimed lumber, sourced from deconstruction activities and waste management, holds substantial demand in developed countries for commercial applications. Composite reclaimed lumber is popularly utilized in developing countries due to its cost-effectiveness and versatility. The expansion of commercial building construction activities, driven by the growing service sector in countries like India, fuels the demand for reclaimed lumber. IT, telecommunications, and BPO industries' growth in cities such as Bengaluru and Delhi necessitates increased investments in commercial real estate, primarily in office and retail spaces and the hospitality sector. Wooden reclaimed lumber, including oak wood, longleaf, mountain pine, and steel, is used extensively for paneling, beams, and boards, contributing to sustainable building materials and eco-friendly practices.The adoption of green construction principles, LEED certification, and seismic performance requirements further boosts the market's growth. Wood-based construction materials, such as cross-laminated timber (CLT), offer energy conservation benefits and reduce environmental pollution and landfill reduction. DIY projects, artisanal crafts, antique furniture, and custom-manufactured furniture also utilize reclaimed lumber for its aesthetic appeal and authenticity.

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The Commercial segment was valued at USD 30.40 mn in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 50% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is poised for growth due to several factors. These include the rising emphasis on recycling, the superior structural properties of reclaimed lumber, and the increasing demand from industries such as construction, furniture manufacturing, and green building initiatives. Additionally

The lumber industry has experienced significant volatility in recent years, with fluctuating prices impacting both the market and wider economy. During the pandemic, a housing boom driven by low interest rates and increased disposable income led to a surge in demand for lumber, significantly boosting mill revenues. However, prices later tumbled, affecting revenue as higher interest rates cooled the housing market and reduced demand for construction. Lumber production and shipments experienced declines, and the industry faced operating losses due to decreased demand. Looking ahead, prices are expected to rise due to tariffs on Canadian lumber imports and previous supply shortages, although high mortgage rates may still dampen demand. The ongoing trade dispute between Canada and the U.S. has resulted in increased tariffs, impacting Canadian producers who supply softwood lumber to the US market. Industry revenue is expected to rise at a CAGR of 2.6% to $51.6 billion through the end of 2025, with 2.0% growth forecast for the current year. Industry profit is expected to recover alongside rising lumber prices this year as well. The US housing market plays a crucial role in the lumber industry by driving demand for wooden materials used in construction and renovation. Despite past challenges with high interest rates and elevated home prices hurting residential investments and reducing lumber demand, there is optimism that the recent Federal Reserve rate will eventually translate to lower mortgage rates, potentially rejuvenating the housing market and building material demand. Even with these promising signs, a significant affordability barrier remains as home prices continue to overshadow median incomes, discouraging many first-time buyers and thus impeding growth in the housing market, impacting lumber demand negatively. The industry is also dealing with profitability challenges due to high costs and declining lumber prices, which have led to sawmill closures and under-utilization of capacities, emphasizing the importance of operational efficiency. As a response, the industry is likely to see consolidation within domestic mill operations to maintain profitability amid market fluctuations. A notable development in the sector is the growth of the cross-laminated timber (CLT) specialist subsector, which promises a boom, supported by innovations in fire retardant technology and approvals for new timber certifications, like eastern hemlock trees, broadening opportunities for sustainable construction. Revenue is expected to increase at a CAGR of 1.6% to $55.9 billion through the end of 2030.

Monthly Report on Softwood Lumber Prices and Consumption Softwood Lumber Agreement (SLA) 2006

Canada’s shipment of lumber fell by 7.5 million cubic meters between 2021 and 2023. The country is one of the world’s largest exporters of lumber. In 2016, Canada had lumber shipments amounting to 65.97 million cubic meters, when it reached the highest value registered during the timeline.

Canada IPPI: Intermediate Goods: Second Stage: Lumber & Other Wood data was reported at 97.900 2002=100 in Oct 2013. This records an increase from the previous number of 97.200 2002=100 for Sep 2013. Canada IPPI: Intermediate Goods: Second Stage: Lumber & Other Wood data is updated monthly, averaging 91.900 2002=100 from Jan 1986 (Median) to Oct 2013, with 334 observations. The data reached an all-time high of 128.400 2002=100 in Jul 1999 and a record low of 59.600 2002=100 in Feb 1986. Canada IPPI: Intermediate Goods: Second Stage: Lumber & Other Wood data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I016: Industrial Product Price Index: 2002=100.

In 2023, approximately 11 billion dollars of lumber and other sawmill and millwork products were exported from Canada between January and September. Pulp and paper stock exports from Canada during the same timeframe amounted to 10.19 billion Canadian dollars.

Canada IPPI: Intermediate Goods: Second Stage: Lumber & Other Wood: Lumber & Timber data was reported at 95.700 2002=100 in Oct 2013. This records an increase from the previous number of 94.400 2002=100 for Sep 2013. Canada IPPI: Intermediate Goods: Second Stage: Lumber & Other Wood: Lumber & Timber data is updated monthly, averaging 87.050 2002=100 from Jan 1986 (Median) to Oct 2013, with 334 observations. The data reached an all-time high of 139.300 2002=100 in Jul 1999 and a record low of 57.300 2002=100 in Feb 1991. Canada IPPI: Intermediate Goods: Second Stage: Lumber & Other Wood: Lumber & Timber data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I016: Industrial Product Price Index: 2002=100.