Lumber increased 124.05 USD/1000 board feet or 22.55% since the beginning of 2025, 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 March 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.

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.

Forecast: Import of Lumber of Okoume, Obeche, Sapelli, Sipo, Acajou, Makore Wood to Brazil 2017 - 2021 Discover more data with ReportLinker!

The global reclaimed lumber market was valued at USD 49.3 billion in 2020 and is expected to reach to grow at a CAGR of 4.5% during the forecast period

The size and share of the market is categorized based on Type (Softwood, Hardwood) and Application (Electrical Transmission & Distribution, Telecommunication) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

In 2024, the global wood tool market increased by 0.8% to $4.3B for the first time since 2021, thus ending a two-year declining trend. Over the period under review, the total consumption indicated prominent growth from 2012 to 2024: its value increased at an average annual rate of +6.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -9.8% against 2021 indices.

Exports of Lumber CMLV in Russia increased to 6143.70 USD Million in December from 5693.35 USD Million in November of 2021. This dataset includes a chart with historical data for Russia Exports of Lumber CMLV.

The Thai wood tool market fell slightly to $46M in 2024, with a decrease of -3.4% against the previous year. In general, consumption, however, posted a remarkable increase. Over the period under review, the market attained the peak level at $50M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

The Puerto Rican wood tool market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% 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 decreased by -39.2% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Demand for wood preservatives coatings is 653,844 tonnes in 2021. It is set to grow at 4.9% CAGR by volume through 2027.

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

In 2023, wood-based technology contributed around 271.2 billion U.S. dollars to the global pulp and paper industry. The contribution from the wood-based technology is forecast to increase in the coming years, reaching around 304.6 billion U.S. dollars in 2031. Additional information on the global pulp and paper market can be found here.

The Wood Product Manufacturing industry produces a diverse range of wood products, including wood ladders, cabinets, toothpicks, wood flour and kiln-dried lumber. The construction sector is the industry's largest source of demand and manufacturers have benefited going into 2022 from solid growth in housing starts and consumer spending, boosting demand from households for other wood products. However, demand has slowly shrunk since 2021 because of the former economic effects of the pandemic and the rising potential of a recession. Total revenue is expected to grow at a CAGR of 1.8% to $9.7 billion through the end of 2024, including an expected decline of 1.0% during the current year.The industry’s largest downstream market is the construction sector, which boomed in 2021 amid urban flight brought on by the pandemic. Construction fell sharply in 2022 and 2023 because of high interest rates imposed by the Federal Reserve to combat inflation. Still, increased per-capita income and consumer spending in these years provided a buffer for further revenue loss. Smaller manufacturers could not weather this volatile environment as well as their larger counterparts, resulting in a spike in consolidation. The value of residential construction is expected to climb, helping demand from one of the industry's key markets. Also, due to an anticipated devaluation of the US dollar, industry exports are expected to hike as foreign demand for wood pellets used for renewable energy grows. Domestically, increases in consumer spending will likely partially sustain industry demand. Ultimately, revenue is expected to increase at a CAGR of 1.4% to $10.4 billion through the end of 2029.

The Asia-Pacific wood tool market dropped slightly to $2.8B in 2024, declining by -4.5% against the previous year. Over the period under review, consumption showed a prominent expansion. The level of consumption peaked at $3.2B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

In 2021, the market volume of polyurethane (PU) based wood coatings in the United States was estimated at 64,400 tons, an increase of roughly six percent compared with 2020. The U.S. PU based wood coatings market is forecast to grow in the coming years, reaching almost 76,000 tons by 2027.

In 2024, the Indonesian wood tool market decreased by -23.4% to $67M, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, enjoyed a notable expansion. Wood tool consumption peaked at $147M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The Puerto Rican wood box market dropped modestly to $X in 2021, declining by -1.8% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

In 2024, the Kuwaiti wood tool market decreased by -29.9% to $1.9M, falling for the third consecutive year after two years of growth. Over the period under review, consumption, however, showed a buoyant increase. Over the period under review, the market hit record highs at $5.3M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The U.S. chemical wood pulp market rose by 6.1% to $27B in 2021.