The price of lumber in the United States fluctuated widely over the last five years, from a low of 240 dollars per 1,000 board feet in January 2016 to a peak of over 1,500 dollars in April 2021. This overall increase has not been linear though, with, for example, lumber prices falling by around 50 percent between June and September 2018, and again between August and October 2020. The value fell again by around 75 percent between May and August 2021. As of the end of December 2024, the price of lumber stood at 550.5 U.S. dollars per thousand board feet. Which nations are at the forefront of lumber production? The production of lumber is dependent on the availability of forest resources, market demand, and technological advances. Sustainable forest management practices a continuous supply of timber, while economic factors and construction activity drive demand. Among the countries countries with the largest production of lumber were China and the United States. Other countries with a relatively high lumber production rate were Russia, China, and Brazil.

Lumber fell to 537 USD/1000 board feet on December 1, 2025, down 1.29% from the previous day. Over the past month, Lumber's price has fallen 1.47%, and is down 9.54% 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 December of 2025.

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.

The price of millwork in the United States continued its growth-trend in 2021, peaking at nearly ***. In contras, the previous year that index value was at over ***. This value of index was set at 100 in 1982. In contrast, the price of softwood lumber in the United States has fluctuated much more in the past years.

American lumber prices have decreased threefold, closing in on pre-COVID levels, which should drive global prices down. The change in lumber prices is largely influenced by slumping demand for real estate which became more expensive from diminished access. In Russia, the world’s largest supplier, a sharp increase in lumber exports led to a shortage in the domestic market. Attempting to hold the price growth instigated by that, the Russian government implemented 10% export duties on lumber until the end of 2021. Due to this, the main importers of Russian goods may opt for other suppliers.

The annual price growth rate of hardwood lumber in the United States fluctuated significantly between 1970 and 2024. During that time, the highest increase was observed in 2021 when hardwood lumber prices increased by **** percent. The producer prices for hardwood lumber fell by ** percent in 1975.

The price of wood saw record-high growth in 2021, contributing to industry expansion as demand surged from the booming housing market stimulated by historically low mortgage rates. The key materials in this industry—such as round or hewn wood products, rough and dressed softwood lumber and various types of veneer and plywood—are sensitive to price fluctuations, which directly impact industry revenue. Pandemic-induced supply chain disruptions further exacerbated the issue by limiting the wood supply, leading to unprecedented price increases and profit volatility. However, as mortgage rates climbed by more than double in the latter half of the current period, residential construction slowed, curbing demand for wood products and resulting in industry contraction when wood prices plummeted in 2023. As the industry looks toward 2024, revenue is anticipated to contract due to decreased housing market demand. Despite a rise in lumber prices throughout 2024, prices are expected to remain below 2023 levels, contributing to reduced industry revenue. This decline in lumber prices on an annual basis is linked to a drop in new housing starts and increased housing inventory within the US construction sector. Factors such as higher financing costs, elevated mortgage rates and shortages of both labor and land have contributed to the reduction in housing starts. Despite the projected 1.2% decline in 2024, revenue is projected to grow at a CAGR of 0.4% to reach $28.8 billion this year. Projected declines in mortgage rates are expected to stimulate residential construction, subsequently increasing demand for wood panels. Growth in the housing market will contribute to industry growth, which is anticipated to be in the low-single-digit range over the outlook period, in line with historical trends. This growth projection assumes stable prices for input materials, as any significant fluctuations could substantially impact revenue. Additionally, competition from imported goods is expected to decline due to a combination of factors, including exchange rates and tariffs on imports. Overall, industry revenue is projected to increase at a CAGR of 1.7% to reach $31.3 billion by 2029.

Non-seasonal prices paid for softwood lumber in the United States have remained relatively stable since 2023, after reaching a peak in March 2022. While the price of softwood lumber in May 2021 was valued at over 581 index points, that figure dropped to 274 in September of that year. The price of softwood veneer and plywood in the United States has also followed a similar trend.

Housing Inventory: Price Increased Count in Wood County, OH was 0.00000 Level in October of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Price Increased Count in Wood County, OH reached a record high of 96.00000 in July of 2021 and a record low of 0.00000 in September of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Price Increased Count in Wood County, OH - last updated from the United States Federal Reserve on December of 2025.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPS081) from Jan 1967 to Aug 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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The lumber pallet market share is expected to increase by 1561.97 million units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.03%.

This lumber pallet market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers lumber pallet market segmentation by end-user (food and beverage, chemicals and pharmaceuticals, retail, construction, and others) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The lumber pallet market report also offers information on several market vendors, including Brambles Ltd., Coxco Inc., Faber Group B.V, FALKENHAHN AG, Greif Inc., John Rock Inc, Kamps Pallets Inc., Leap India Food and Logistics, Millwood Inc., Nefab AB, Pacific Pallets PVT. Ltd, Palcon LLC, PalletOne Inc., PECO Pallet, PGS Group, Rowlinson Packaging Ltd., Shur-way Group Inc., UFP Industries Inc., United Pallet Services Inc., and Yellow Pallet B.V., among others.

What will the Lumber Pallet Market Size be During the Forecast Period?

Download Report Sample to Unlock the Lumber Pallet Market Size for the Forecast Period and Other Important Statistics

Lumber Pallet Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The rise in containerization is notably driving the lumber pallet market growth, although factors such as fluctuating lumber prices and shortage of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the lumber pallet industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Lumber Pallet Market Driver

The rise in containerization is one of the major drivers impacting the lumber pallet market growth. The growth in containerization is increasing the use of lumber pallets because shipping containers have smooth, level surfaces that permit the quick movement of pallets of different sizes using forklifts. The use of lumber pallets makes it easier to move heavy stacks in containers. Before being moved to containers, the individual items are stacked on a lumber pallet to create a unit load. This can be moved easily and loaded onto containers using a pallet jack, forklift, crane, or any other material handling equipment. Therefore, the growth in containerization is expected to lead to a higher demand for lumber pallets during the forecast period.

Key Lumber Pallet Market Trend

The emergence of pallet pooling is one of the major trends influencing the lumber pallet market growth. The emergence of pallet pooling services has enabled end-users to rent pallets at nominal rates for their entire supply chains, thus eliminating the need to buy crates. Renting a pallet from a shared pool offers substantial savings and significant returns on investments to end-users. Also, the reverse supply chain for end-users is handled by the pallet pooling companies. For instance, the pallet pooling companies deliver the pallet in the quantities ordered by end-users and deal with those pallets once they reach the end of the supply chain. Some pallet vendors, such as LEAP India, Brambles, Northwest, and others, also provide pallets on a rental basis. For instance, LEAP India offers pallets for rent to end-users in the e-commerce, automotive, dairy, beverages, pharmaceuticals, and other industries. There is a significant rise in the leasing or renting of pallets by end-users. This, in turn, is likely to increase the trend of lumber pallet pooling during the forecast period.

Key Lumber Pallet Market Challenge

Fluctuating lumber prices and shortage of raw materials are one of the major challenges impeding the lumber pallet market growth. Volatility in the prices of lumber is mainly attributed to a reduction in the availability of wood and lumber in many countries, such as Nigeria, Pakistan, Colombia, and Brazil, as a result of widespread deforestation and the decline in the number of new tree plantations. The increasing capacity expansion in lumber processing plants across India, the UK, and Canada, without taking into consideration the need for the sustainable procurement of raw materials, is increasing the disparities between the demand for and supply of lumber. Owing to such factors, end-users, such as pallet manufacturers, are expected to experience a shortage of timber. As a result of the shortage of timber in the market, pallet manufacturers will find it difficult to complete their orders. Thus, the shortage of lumber and wood products is expected to slow down the growth of the global lumber pallet market during the forecast period.

This lumber pallet mark

Most timber is ultimately used in downstream residential construction markets. Declines in residential construction from a 2021 peak have hurt timber tract operators, as high inflation led to increased interest rates and less demand for new construction. Despite a housing shortage, housing starts fell in 2022 and 2023, creating less need for lumber and causing timber prices to fall from their 2021 levels. This has caused revenue to fall at a CAGR of 3.2% to $1.0 billion in 2025. However, the Federal Reserve has started to cut interest rates and residential construction declines have slowed. This has led to a smaller revenue contraction of 0.4% in 2025. Profit growth in recent years as wood prices have remained elevated above pre-pandemic levels, though they reached a peak in 2021 and have been on the downswing since. When lumber prices began to fall, many small timber tract operators were forced out of the industry. Although small operations still account for the bulk of participation, timber holdings have also increasingly been purchased by institutional investors who seek the highest possible return on the land. This can include sales to real estate developers and could constrain the US timber supply moving forward. Additionally, forestland devastation caused by forest fires has the potential to disrupt the industry. The timber services industry revenue will rise slightly over the coming years. As interest rates fall and construction activity resumes, the price of sawmill timber is expected to grow and strengthen returns. Meanwhile, many wood product manufacturing industries will begin to experience falling import penetration as the value of the US dollar declines, supporting demand for industry services. Construction will likely remain the largest downstream market for timber. Revenue is projected to rise at a CAGR of 1.0% to $1.1 billion over the five years to 2030.

The global market for wood chips, particles and residues stood at $X in 2021, leveling off at the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by X% against 2012 indices. Over the period under review, the global market reached the maximum level in 2021 and is likely to see steady growth in years to come.

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.

Global Glued Laminated Timber market size was USD 6.49 Billion in 2022. Glued Laminated Timber Industry's Compound Annual Growth Rate will be 5.30% from 2023 to 2030. What is driving the Glued Laminated Timber Market?

Rise in the number of residential and commercial construction projects

The rise in the number of residential and commercial projects is a major driving factor contributing to the growth of the glued laminated timber (Glulam) market. Builders refer collectively to all types of laminated beams or other laminated structural wood materials such as glued laminated timber. Glulams are versatile construction materials used widely in commercial and residential projects. Glulam is gaining huge attention for being used in applications such as vaulted ceilings and designs with large open premises. Four appearance grades such as framing, industrial, architectural, and premium glulam are used when professionals looking into a combination of structural and aesthetic attributes. This includes a range of architectural applications, including education facilities, churches, offices, and homes. For example, China, the US, and India drive construction industry growth. Glued laminated wood is a highly innovative building material. It is stronger than steel and has greater strength and rigidity than wood. Increased design value, improved product performance, and cost competitiveness make laminated timber the perfect choice for projects ranging from simple beams and headers in residential construction to high arches in dome roofs. Glulam components are manufactured off-site in controlled factory conditions, ensuring high precision and quality. This prefabrication process allows for faster and more efficient construction on-site, reducing project timelines and costs. The dimensional stability of glued laminated timber also minimizes shrinkage and warping issues, leading to better construction accuracy. Additionally, its natural wood appearance and warm aesthetic appeal contribute to its popularity in architectural design. Glued laminated timber is increasingly used as a safe load-bearing material in residential and commercial construction. Manufacturers develop project-specific product solutions to meet the complex requirements of modern timber construction architecture. For example, the construction projects developed in the U.S. in 2021 are valued at nearly USD 1.6 trillion. In 2021, 1,337,800 housing units were built, which constitutes an increase of 4% compared to 2020. All these factors contribute to the growth of the glued laminated timber (Glulam) market.

The rising trend toward using sustainable building material (Access Detailed Analysis in the Full Report Version)


Rising demand for timber (Access Detailed Analysis in the Full Report Version)

Introduction of Glued Laminated Timber

Glued laminated timber is commonly known as glulam. It is a type of structurally engineered wood product commonly used for beams and columns in residential and commercial applications. It typically consists of several parallel layers of small pieces of lumber stacked and it is glued together under a certain pressure to make a large timber structure. It is also widely used for structural components such as arches of mid to high-rise buildings and affixed side-by-side to form panels. Along with this, it serves as the primary material for major load-bearing structures such as bridges, canopies, and pavilions. Glued laminated timber offers several benefits including durability, cost-effectiveness, and high versatility. These are also resource-efficient since they replace huge, old-growth timber with relatively small pieces of timber to produce a wooden part. Another benefit of glulam is product availability and variety in size and shape. In addition to this, one of the design advantages of Glulam is the ease of bending into the desired curve shape and into long lengths. Commercially available glue-laminated wood comes in lengths of 30 meters and cross sections ranging from 45 mm x 45 mm to 250 mm x 1800 mm. Nowadays, consumer preference is increasing for wood-based construction owing to its extensive benefits and advantages. Glulam is considered a sustainable building material because it is made from renewable resources wood. Sustainable building materials are becoming more important as worries about climate change and environmental effects increase. T...

The Cuban preservative-treated rough wood market dropped to $X in 2021, with a decrease of -5.9% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preservative-treated rough wood consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

PL: PPI: Mfg: Wood & Wood Product data was reported at 102.800 2021=100 in Oct 2025. This records an increase from the previous number of 102.100 2021=100 for Sep 2025. PL: PPI: Mfg: Wood & Wood Product data is updated monthly, averaging 87.700 2021=100 from Jan 2000 (Median) to Oct 2025, with 310 observations. The data reached an all-time high of 125.600 2021=100 in Sep 2022 and a record low of 74.100 2021=100 in Feb 2000. PL: PPI: Mfg: Wood & Wood Product data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s Poland – Table PL.Eurostat: Producer Price Index: 2021=100.

The EU market for coniferous wood in the rough reduced slightly to $18B in 2024, almost unchanged from the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 5.9% against the previous year. As a result, consumption reached the peak level of $18.4B. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

The global transparent wood market size is projected to grow from USD 0.16 billion in 2025 to USD 0.83 billion by 2033, exhibiting a CAGR of 9.2%.
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The operators of domestic sawmills and planing mills can look back on an ambivalent development in their industry over the past five years. Up until 2020, demand for their products was driven by very dynamic growth in the domestic construction industry. Despite rising raw material costs, industry players were also able to further expand their cut in 2021. An upturn in the export business also contributed to this, although primarily only the major industry players benefited from this. From 2022, the turnaround in interest rates in the European Economic Area caused the industry's production output to fall for the first time, although price effects initially masked the impact on industry sales. Since 2023, the shrinking construction volume in Germany has had an increasingly negative impact on sales prices and the earnings situation of industry players. Outside of the construction sector, the tense economic situation also dampened demand from customers such as the packaging industry. Overall, the industry's turnover therefore only grew by an average of 0.5% per year in the period between 2019 and 2024.For 2024, IBISWorld expects a decline in turnover of 8.6% to 7.6 billion euros. There are signs of a further decline in construction activity in Germany in the current year. Demand from manufacturers of wooden crates and pallets is also likely to develop negatively in 2024. Together with stagnating producer prices for products in the sawmill and planing industry, this is likely to lead to a significant decline in industry turnover in the current year.IBISWorld anticipates weak growth in industry sales over the next five years. The reason for this development is the cloudy situation in the construction industry for the foreseeable future. The still comparatively high interest rate level in the eurozone is likely to have a negative impact on the volume of new construction business in the construction industry over the next two years, despite the European Central Bank's reduction in the deposit rate in 2024. Export performance is likely to remain at a stable level. Under these circumstances, the industry's turnover is expected to increase by an average of 0.7% per year between 2024 and 2029, reaching a value of 7.8 billion euros in 2029.