Lumber fell to 690.67 USD/1000 board feet on July 31, 2025, down 0.12% from the previous day. Over the past month, Lumber's price has risen 11.49%, and is up 37.84% 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 August 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.

Explore the complexities of the framing lumber composite price, a crucial metric for the construction industry. Learn about the factors influencing its volatility, from supply chain disruptions and environmental impacts to demand changes and regulatory constraints, and discover strategies for navigating these challenges.

Explore the intricate dynamics influencing framing lumber prices, including supply chain disruptions, demand fluctuations, and trade policies. Learn how NAHB analyzes these factors to aid builders and policymakers in navigating the housing market's challenges.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPU081) from Jan 1926 to Jun 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Explore the factors affecting framing lumber prices in 2023, from supply chain disruptions and housing demand to environmental regulations and sustainable construction practices. Understand the market volatility and its impact on the construction industry.

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 global framing timber market exhibits robust growth, driven by the burgeoning construction industry, particularly in residential and commercial sectors. While precise market size data for 2025 isn't provided, leveraging industry reports and considering typical CAGR values for construction materials (let's assume a conservative CAGR of 5% for illustrative purposes), a reasonable estimate for the 2025 market size could be in the range of $50 billion. This is a projection and not an exact figure. This substantial market value is fueled by several key factors including rising urbanization, increasing disposable incomes leading to higher housing demand, and ongoing infrastructure development projects worldwide. The segment breakdown reveals a diverse landscape, with pine, oak, and spruce dominating the type segment and dwelling construction leading in application. Growing demand for eco-friendly and sustainable building materials also contributes to market growth, boosting the adoption of responsibly sourced timber. However, challenges such as fluctuating timber prices, environmental regulations concerning deforestation, and competition from alternative building materials like steel and concrete pose restraints on market expansion.
Looking forward, the market is poised for continued expansion throughout the forecast period (2025-2033). Maintaining our assumption of a 5% CAGR, the market size could reach approximately $78 billion by 2033. This growth will likely be influenced by technological advancements in timber processing and construction techniques, promoting efficiency and sustainability. Regional variations exist, with North America and Europe representing significant market shares due to established construction industries and high per capita income. The Asia-Pacific region, however, shows tremendous potential for future growth, driven by rapid urbanization and industrialization in countries like China and India. The competitive landscape is characterized by both large multinational corporations and smaller regional players, fostering innovation and ensuring diverse product offerings across various price points.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber (WPU0811) from Jan 1947 to May 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Mirror and Picture Frames and Framed Pictures was 162.72200 Index Jun 2002=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Mirror and Picture Frames and Framed Pictures reached a record high of 162.72200 in April of 2025 and a record low of 94.80000 in November of 2015. 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: Mirror and Picture Frames and Framed Pictures - last updated from the United States Federal Reserve on July of 2025.

Wood framing contractors have navigated a challenging landscape marked by fluctuating housing starts and rising costs. In recent years, their fortunes have been mainly tied to the ebb and flow of residential construction, which has seen significant volatility. The low interest rates of 2020 and 2021 spurred substantial growth in housing starts, boosting single-family and multifamily projects. However, interest rate hikes in 2022 slowed single-family construction, although multifamily units showed resilience. Yet, as interest rates remained high, the multifamily sector also took a hit by 2023, reflecting broader trends in housing starts. Single-family housing starts rebounded in 2024 amid low housing stock, but multifamily housing starts bottomed out. Still, contractors found stability in single-family attached projects. Industry revenue has been increasing at a CAGR of 1.8% over the past five years to total an estimated $31.5 billion in 2025, including an estimated gain of 1.9% in 2025. Over the past five years, lumber prices soared, driven by supply chain disruptions and environmental factors like wildfires and pest infestations. This has made profitability a challenge for contractors. Labor shortages exacerbated the issue, forcing wage hikes to attract workers as retirements outpaced the entry of new labor. Despite these pressures, slow growth among new entrants has mitigated some price competition. Meanwhile, home improvement projects offered some relief, though DIY trends and high interest rates tempered this growth. On the nonresidential front, contractors missed opportunities in surging warehouse and data center construction, where demand for steel and concrete sidelined wood. Wood framing contractors face a complex future shaped by persistent high rates and evolving construction demands. The potential for rate cuts could revive single-family projects, yet lumber tariffs and labor shortages loom large. Anticipated housing shortages might offer a silver lining in residential construction, but stricter fire-resistant codes in wildfire-prone areas challenge traditional wood framing. Contractors will need to adapt to labor shortages by embracing prefabrication and modular techniques. The growing demand for hotel and retail construction provides a promising avenue, while office-to-multifamily conversions could further boost opportunities. Industry revenue is forecast to climb at a CAGR of 2.1% to total an estimated $35.0 billion through the end of 2030.

The Engineered Wood I-joist market, valued at $1,526 million in 2025, exhibits a steady 5% CAGR, projecting robust growth to approximately $2,100 million by 2033. This growth is fueled by several key drivers. Increased construction activity in residential and commercial sectors, particularly in North America and Asia Pacific, significantly boosts demand. The inherent advantages of I-joists – superior strength-to-weight ratio, dimensional stability, and ease of installation – make them a preferred choice over traditional lumber, driving market expansion. Furthermore, sustainable building practices are gaining traction, with engineered wood products like I-joists aligning well with environmentally conscious construction methodologies. While fluctuating lumber prices and potential supply chain disruptions pose challenges, the overall market outlook remains positive due to ongoing infrastructure development and the increasing adoption of advanced building techniques globally. The segment breakdown reveals strong demand across various applications, including floor and roof framing and studwork walls, with Solid Sawn and LVL types catering to diverse project needs. Major players like Boise Cascade, Weyerhaeuser, and Roseburg are key contributors to market share, constantly innovating to improve product quality and expand their market reach. The competitive landscape is marked by both established industry giants and regional players. The North American market currently holds a significant share, driven by robust construction activities and a well-established supply chain. However, emerging economies in Asia Pacific are exhibiting rapid growth potential, fueled by urbanization and infrastructure development initiatives. The European market, while mature, continues to see steady growth driven by refurbishment projects and sustainable building regulations. Future market penetration hinges on effectively addressing challenges such as raw material price volatility and ensuring the sustainability and responsible sourcing of timber resources. Technological advancements in manufacturing processes, coupled with strategic partnerships and acquisitions, will likely shape the market's future trajectory. The long-term forecast indicates continued expansion, driven by the intrinsic benefits of I-joists and the growing preference for efficient and sustainable building materials.

Softwood Lumber Market Outlook

The global softwood lumber market size was valued at approximately $330 billion in 2023 and is projected to reach around $470 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.0% over the forecast period. The market's growth is primarily driven by the increasing demand for sustainable building materials, coupled with rapid urbanization and industrialization across various regions. As construction activities soar globally, especially in emerging economies, the demand for softwood lumber products is anticipated to rise significantly. Regulatory push towards greener building practices and the intrinsic properties of softwood, such as its strength-to-weight ratio and versatility, further fuel its adoption across industries.

One of the primary growth factors propelling the softwood lumber market is the expanding construction industry, which remains one of the largest consumers of lumber products. The need for residential, commercial, and industrial infrastructures has seen a steep rise in recent years, largely driven by population growth and urban migration. In particular, the demand for residential construction has surged due to increasing housing needs, which in turn fuels the demand for dimensional lumber and studs. Furthermore, the trend towards wooden architecture and sustainable building solutions has encouraged the use of softwood lumber, thanks to its renewability and lower environmental impact compared to alternative materials such as steel and concrete.

The furniture industry is another significant contributor to the growth of the softwood lumber market. As consumer preferences tilt towards eco-friendly and aesthetically appealing furniture designs, manufacturers are increasingly opting for softwood lumber due to its workability and attractive finishes. Innovations in wood treatment and processing have enhanced the durability and aesthetic appeal of softwood furniture, making it a popular choice for both residential and commercial applications. Additionally, the growth of e-commerce platforms has facilitated the reach of softwood lumber products to a larger consumer base, further driving market growth. An increase in disposable income and a growing middle-class population in developing countries are also playing a pivotal role in boosting the demand for softwood lumber in the furniture sector.

Environmental policies and sustainable forestry practices are also shaping the trajectory of the softwood lumber market. There is a growing emphasis on sourcing lumber from certified sustainable forests, which helps in preserving biodiversity and reducing carbon footprints. This has resulted in increased collaboration between governments, NGOs, and industry players to promote responsible forestry practices. Moreover, the development of engineered wood products and alternative lumber technologies is opening up new avenues for market growth, providing high-performance materials with enhanced properties for diverse applications. These innovations cater to the demand for durable, lightweight, and sustainable building materials, ensuring that the softwood lumber market continues to expand and evolve.

Product Type Analysis

The product type segment of the softwood lumber market comprises dimensional lumber, studs, boards, and others, each catering to distinct applications and demands within the market. Dimensional lumber is one of the most prominent categories, primarily utilized in construction due to its standardized sizing and ease of use. This type of lumber is preferred for framing in residential and commercial buildings because of its structural integrity and cost-effectiveness. Its popularity is further bolstered by advancements in wood processing technologies that enhance its performance, making it suitable for a wide range of construction needs. Dimensional lumber's demand is expected to grow steadily as global construction activities continue to expand.

Studs, another critical category within the product type segment, are essential components in building frameworks. Used extensively in wall partitions and load-bearing structures, studs provide the necessary support and stability required in both residential and commercial constructions. With an increasing focus on sustainable and energy-efficient buildings, the demand for precision-engineered studs is escalating. Manufacturers are responding by offering products that meet rigorous quality standards and environmental certifications, ensuring that they align with the latest building codes and regulations. As the construction industry becomes more sophisticated, the role of studs in ensuring structur

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The global structural wood I-beam market is experiencing robust growth, driven by the increasing demand for sustainable and cost-effective building materials in both residential and commercial construction. The market's expansion is fueled by several factors, including the rising adoption of engineered wood products due to their superior strength-to-weight ratio and improved dimensional stability compared to traditional lumber. Furthermore, stringent environmental regulations promoting sustainable building practices are bolstering the demand for wood I-beams as a more environmentally friendly alternative to steel and concrete. The residential sector currently dominates the market, fueled by the burgeoning housing industry in developing economies. However, the commercial sector is projected to witness significant growth in the coming years, driven by the construction of large-scale infrastructure projects and commercial buildings. Key players in the market, such as Nordic Structures, Boise Cascade, Lowe's, Roseburg, Weyerhaeuser, Arauco, and STEICO SE, are constantly innovating and expanding their product portfolios to cater to evolving market demands, including introducing advanced manufacturing techniques and exploring new applications for wood I-beams. Geographic expansion is also a significant aspect of market growth, with regions such as North America and Europe currently holding substantial market shares but with considerable untapped potential in Asia-Pacific and other developing regions. Challenges such as fluctuating raw material prices and potential supply chain disruptions pose some restraints; however, technological advancements and the rising awareness of environmental sustainability are expected to mitigate these challenges. The market segmentation reveals a significant preference for wood I-beams in floor applications, followed by roof applications. Other applications, such as wall framing and specialized structural components, are also gaining traction, albeit at a slower pace. The forecasted Compound Annual Growth Rate (CAGR) indicates sustained and healthy growth for the market throughout the projection period. While precise figures for market size and CAGR were not provided, based on industry reports and known market trends for similar products, a reasonable estimate places the 2025 market size at approximately $5 billion USD, with a CAGR of 6-8% projected from 2025 to 2033. This reflects a healthy and growing market. Regional analysis reveals a strong performance in North America and Europe, fueled by robust construction activity and established market infrastructure. The Asia-Pacific region is expected to exhibit the highest growth potential due to rapid urbanization and infrastructure development.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Mirror and Picture Frames and Framed Pictures (WPU08210175) from Jun 2002 to Jun 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Wood Manufacturing Market Outlook

The global wood manufacturing market size was valued at approximately USD 850 billion in 2023 and is projected to reach USD 1.28 trillion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period. Several factors are driving this growth trajectory, including the increasing demand for eco-friendly and sustainable building materials, coupled with advancements in manufacturing technologies. The burgeoning construction industry, particularly in developing regions, and growing consumer preference for aesthetically appealing and durable wood products further contribute to the market's expansion. As such, wood continues to be a critical component in various industries, driving its demand globally.

The growth of the wood manufacturing market is substantially influenced by the global shift towards sustainability and environmentally friendly construction practices. Wood, as a renewable resource, offers a lower carbon footprint compared to alternative materials like concrete or steel, making it an attractive option for environmentally conscious construction projects. Innovations in wood processing and treatment technologies have enhanced the material's durability and strength, making it suitable for a broad range of applications. Additionally, governmental policies and incentives promoting the use of sustainable materials in construction further bolster the market's growth. As urbanization accelerates, especially in emerging economies, the demand for wood products in construction and furniture is expected to rise substantially.

Another significant factor contributing to the market's growth is the rising demand for wooden furniture and interior products. With an increasing focus on interior aesthetics and quality, consumers are opting for wood-based products for both residential and commercial spaces. The furniture segment of the wood manufacturing market is witnessing robust growth, driven by evolving consumer preferences towards custom and designer furniture. E-commerce platforms have also played a pivotal role in expanding the market by offering customers a wider range of choices and convenient purchasing options. As disposable incomes rise and living standards improve, particularly in Asia-Pacific and Latin America, the demand for high-quality wood furniture is expected to increase, thereby propelling market growth.

Softwood Lumber plays a pivotal role in the wood manufacturing market, particularly due to its versatility and widespread use in construction and furniture applications. Known for its lightweight yet strong characteristics, softwood lumber is a preferred material for framing and structural components in residential and commercial buildings. Its ease of processing and cost-effectiveness make it an attractive option for manufacturers aiming to produce high-quality wood products at competitive prices. As sustainable building practices gain traction, the demand for softwood lumber is expected to rise, driven by its renewable nature and lower environmental impact compared to other materials. This trend is further supported by technological advancements in sawmilling and drying processes, which enhance the quality and durability of softwood lumber, ensuring its continued relevance in the market.

Technological advancements in the wood manufacturing process are also a key growth driver. Innovations such as computer-aided design (CAD) and automated manufacturing processes have significantly improved efficiency, precision, and product diversity within the market. These technological improvements enable manufacturers to produce complex designs with minimal waste, enhancing both economic and environmental outcomes. Furthermore, advancements in wood preservation and treatment technologies have expanded the use of wood in various industrial applications, including packaging and transportation. The integration of these advanced technologies into wood manufacturing processes is expected to continue driving market growth over the forecast period.

Product Type Analysis

In the wood manufacturing market, product type plays a crucial role in determining the overall market dynamics and growth potential. Lumber remains one of the most dominant segments within this category, accounting for a significant share of the market due to its widespread application in construction and furniture manufacturing. The demand for lumber is particularly driven by the construction industry's growth, as it is a primary building mat

The global engineered wood I-joist market is experiencing robust growth, projected to reach $1891.1 million in 2025. While the exact CAGR isn't provided, considering the strong drivers within the construction industry (increased demand for sustainable building materials, faster construction times, and improved structural performance), a conservative estimate of the CAGR for the forecast period (2025-2033) would be around 5-7%. This growth is fueled by several key factors. The increasing preference for lightweight yet high-strength building materials in residential and commercial construction projects significantly boosts demand. Furthermore, the rising adoption of prefabricated construction methods further accelerates the adoption of I-joists, streamlining the building process and reducing labor costs. Segment-wise, the solid sawn I-joist type holds a significant market share due to its established presence and cost-effectiveness, although LVL I-joists are gaining traction due to their superior strength properties. Applications in floor and roof framing dominate, but the studwork walls segment shows considerable growth potential due to the increasing adoption of sustainable building practices. Geographical analysis reveals strong growth across North America and Europe, driven by significant construction activity and favorable government regulations. Asia-Pacific is emerging as a key growth region, propelled by rapid urbanization and infrastructure development. However, challenges remain. Fluctuations in raw material prices, particularly lumber, can impact profitability. Furthermore, the need for specialized handling and installation equipment may present barriers to entry for smaller construction firms. Competition among established players like Boise Cascade, Weyerhaeuser, and Roseburg, along with emerging regional manufacturers, will continue to shape market dynamics. Despite these challenges, the long-term outlook for the engineered wood I-joist market remains positive, driven by consistent growth in construction, particularly in sustainable and prefabricated building segments. The market is poised for significant expansion over the next decade, offering promising investment opportunities.

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Turkey Wood Manufacturing Market Size 2025-2029

The Turkey wood manufacturing market size is forecast to increase by USD 1.2 billion at a CAGR of 4% between 2024 and 2029.

The Turkish wood manufacturing market is experiencing significant growth, driven primarily by the increasing urban population and high demand for medium density fiberboard (MDF). This trend is fueled by the country's expanding construction sector, which is seeing a in residential and commercial projects. However, market expansion is not without challenges. Volatility in raw material prices, particularly for wood and chemicals, poses a significant hurdle for manufacturers. Additionally, regulatory complexities and supply chain inconsistencies temper growth potential. To capitalize on the market's opportunities, manufacturers must focus on cost management strategies, such as implementing price risk mitigation tactics and exploring alternative raw material sources. Additionally, the expansion of the e-commerce industry enables easy access to these products, making it more convenient for homeowners to purchase decking materials for their projects. High-density polyethylene (HDPE), polypropylene (PP), and polyvinyl chloride (PVC) are commonly used in plastic decking, and the recycled versions offer sustainability benefits without compromising the product's performance.
Furthermore, adhering to regulatory requirements and maintaining a reliable supply chain are essential for long-term success in the Turkish wood manufacturing market. Companies that can effectively navigate these challenges and adapt to market dynamics will be well-positioned to thrive in this dynamic and growing industry.

What will be the size of the Turkey Wood Manufacturing Market during the forecast period?

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The Turkish wood manufacturing market encompasses various segments, including wood recycling processes, wood staining methods, and wood trim. Structural timber and cabinet making are prominent sectors, while wood marquetry, wood roofing, and wood painting techniques add to the industry's diversity. Oriented strand board, medium-density fiberboard, and wood composite panels are common materials used in this sector. Wood preservation methods and wood insect repellents ensure the longevity of products, such as structural timber and wood framing. Wood energy production from wood waste management is a growing trend, with wood fire retardants and wood drying technology essential for efficient energy generation.
Wood finishing techniques, including wood carving, wood engraving, and wood joinery, showcase the craftsmanship and artistry in wood furniture manufacturing. Cross-laminated timber, glulam beams, and mass timber are innovative solutions for prefabricated wood structures and modular construction. Wood moldings, wood siding, and wood decking cater to the residential and commercial sectors, while wood inlay and wood sheathing contribute to the industry's versatility. Wood framing, wood-plastic composites, and wood finishing techniques ensure high-quality, durable structures. Wood waste management and moisture control are crucial aspects of the market, with companies continually seeking advanced solutions to minimize waste and maintain optimal wood conditions.
Overall, the Turkish wood manufacturing market is dynamic and innovative, with a focus on sustainability and efficiency. By offering various protective coatings that cater to diverse applications and environmental requirements, this market continues to evolve and adapt to the changing needs of the industry.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Residential
  Commercial


End-user

  Construction
  Furniture
  Others


Product Type

  Sawnwood
  Paper and paperboard
  Fiberboard
  Particle board
  Others


Geography

  Middle East and Africa

    Turkey

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing notable growth in 2024, fueled by the increasing demand for high-quality wood products in residential applications. New home construction, remodeling projects, and renovations have driven interest in aesthetically pleasing and sustainable timber interiors. Consumers are gravitating towards fine, custom-made wood fittings and furnishings, such as wooden flooring, cabinets, and doors, due to their durability and warmth. Sustainability is a significant concern for homeowners, leading them to prefer certified sustainable wood sources. This trend is inspiring manufacturers to innovate and align their offerings with evolving consumer preferences. Planing mills and veneer mills