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 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.

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.

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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Other Wood Products (WPU084) from Dec 1966 to Sep 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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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 need to address waste management issue

View monthly updates and historical trends for US Producer Price Index: Lumber and Wood Products. from United States. Source: Bureau of Labor Statistics. …

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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?

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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

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber was 281.33600 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber reached a record high of 316.10800 in May of 2022 and a record low of 24.30000 in January of 1947. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber - 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: Softwood Lumber (WPU0811) from Jan 1947 to Aug 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

As of July 18, 2025, the price of a 7/16 inch oriented strand board (OSB) in Canada was 335 Canadian dollars, which was significantly lower than the 52-week average. That means that the prices of OSB in Canada fell significantly in the past year. Meanwhile, the price of 9.5mm 4-ply exterior panel increased to 618 Canadian dollars.

The Western Red Cedar wood market exhibits robust growth potential, driven by its unique properties and increasing demand across diverse applications. While precise market size figures for 2025 aren't provided, we can infer a substantial market value based on industry reports and considering a CAGR (let's assume a conservative 5% for illustrative purposes, acknowledging that the actual CAGR could be higher or lower depending on specific market analysis). Assuming a 2019 market size of $500 million (this is an estimated value), and applying a 5% CAGR over the historical period (2019-2024), we estimate the 2024 market size to be approximately $638 million. Continuing this projection with a 5% CAGR until 2033 leads to a predicted market size of approximately $1 billion. Key drivers include the rising popularity of sustainable building materials, the increasing preference for aesthetically pleasing and naturally durable wood products in construction and landscaping, and its inherent resistance to rot and decay. Growing demand in sectors such as residential construction, decking, fencing, and cladding contributes significantly to the market expansion. However, the market faces certain constraints, including fluctuating lumber prices, potential supply chain disruptions, and the competitive pressure from alternative materials like treated pine or composite decking. Market segmentation shows significant demand from North America, particularly the Pacific Northwest, with substantial growth opportunities emerging in Europe and Asia as awareness of Western Red Cedar's superior properties grows. Major players such as Oregon-Canadian Forest Products, E. T. Moore Manufacturing, and Teal-Jones Group are strategically positioned to benefit from the market's expansion. The future of the Western Red Cedar wood market appears promising, with continued expansion fueled by sustainable building trends. Innovation in processing and treatment methods, alongside increased marketing efforts highlighting the wood's unique benefits, will likely propel further growth. Companies are focusing on value-added products and exploring new applications, such as high-end furniture and specialty products, to enhance market penetration. Addressing environmental concerns associated with forestry will be crucial for sustaining long-term growth. Diversification of supply chains to mitigate risks associated with price volatility and ensuring responsible forest management practices are crucial for maintaining the market's sustainability and positive image. The regional distribution will likely remain centered in North America, but strategic investments in global marketing and distribution channels will be key to unlocking growth opportunities in international markets.

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.

In June, the price of urea resin in the United States amounted to 690 USD/T. The United States market demonstrated a fall in comparison with Q1, which began in April with a minor decline and continued with substantial decreases in May and June. The driving factor behind this development was a fall in the demand for downstream wood and furniture, which began to decline following a significant 5.3% lumber price drop in April. The well-supplied urea-formaldehyde resin and the U.S. banking crisis after April additionally magnified this decline, and the country’s high inflation and rising interest rates only increased the downturn in demand.

Urea Resin Prices June 2023

Explore IMARC’s newly published report, titled “Urea Resin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of urea resin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

United States Listings w/ Price Drops: Single Family: Fort Leonard Wood, MO data was reported at 16.556 % in Jul 2020. This records a decrease from the previous number of 27.972 % for Jun 2020. United States Listings w/ Price Drops: Single Family: Fort Leonard Wood, MO data is updated monthly, averaging 16.484 % from Jan 2015 (Median) to Jul 2020, with 67 observations. The data reached an all-time high of 27.972 % in Jun 2020 and a record low of 2.148 % in Jan 2015. United States Listings w/ Price Drops: Single Family: Fort Leonard Wood, MO data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

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.

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

In 2024, after four years of decline, there was significant growth in the Italian wood tool market, when its value increased by 1,452% to $24M. Over the period under review, consumption, however, continues to indicate a perceptible decrease. Wood tool consumption peaked at $85M in 2019; however, from 2020 to 2024, consumption stood at a somewhat lower figure.