Lumber fell to 599.02 USD/1000 board feet on July 11, 2025, down 1.89% from the previous day. Over the past month, Lumber's price has fallen 2.99%, but it is still 37.54% higher than a year ago, 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 *** 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 - 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 (8 items: Atlantic Region; Prairie Region; Quebec; Ontario ...), Commodities (9 items: Lumber; softwood; Lumber; softwood; spruce-pine-fir; Lumber; softwood; Douglas fir; Lumber; softwood; hemlock ...).

Canadian lumber wholesalers have grappled with global lumber price volatility, creating challenging conditions both for wholesalers and for 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. As lumber prices and Canadian residential construction activity have fallen from their respective 2021 and 2022 peaks, so too has revenue for the Lumber Wholesaling industry in Canada. With industry revenue forecast to remain level in 2025 alone, the overall industry is expected to have decreased at a five-year CAGR of 1.8% to reach $15.6 billion in 2025. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. High interest rates stifled previously hot residential construction markets in both Canada in the US till both the Bank of Canada and the Federal Reserve began cutting rates. While this is set to improve construction activity, and therefore demand for lumber, both the Bank of Canada and the Federal Reserve have held rates steady in their most recent 2025 decisions as volatile US-Canada tariff policy has created an uncertain economic situation. The US and Canada have had an ongoing trade dispute over lumber prices since before the US put in place broader tariffs in April 2025. The uncertain business environment caused in part by these tariffs has kept the average industry profit margin from expanding through the end of 2025. Lumber wholesalers are expected to see growth moving forward. 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. Demand for housing construction in Canada demand is also set to remain strong into the near future. Consequently, industry revenue is forecast to expand at a CAGR of 1.4% to $15.6 billion over the five years through 2030.

Canada IPPI: NAPCS: Lumber & Other Wood Pdts (LP) data was reported at 142.200 2010=100 in Sep 2020. This records an increase from the previous number of 133.800 2010=100 for Aug 2020. Canada IPPI: NAPCS: Lumber & Other Wood Pdts (LP) data is updated monthly, averaging 104.900 2010=100 from Jan 1981 (Median) to Sep 2020, with 477 observations. The data reached an all-time high of 142.200 2010=100 in Sep 2020 and a record low of 58.900 2010=100 in Nov 1981. Canada IPPI: NAPCS: Lumber & Other Wood Pdts (LP) data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I011: Industrial Product Price Index: NAPCS 2012: 2010=100.

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.

Graph and download economic data for Import Price Index: Sawmills and wood preservation for Canada (COCANZ3211) from Jun 2012 to Dec 2020 about sawmills, preservation, wood, Canada, imports, price index, indexes, and price.

Lumber, monthly production, shipments and stocks by species; data in thousands of cubic metres.

British Columbia was responsible for nearly half of Canada's total global wood product exports in 2019. Quebec and Ontario ranked in second and third places, accounting for **** and **** percent of worldwide exports, respectively in that year.

Canada IPPI: Lumber, Other Wood Products data was reported at 93.300 2002=100 in 2012. This records an increase from the previous number of 88.500 2002=100 for 2011. Canada IPPI: Lumber, Other Wood Products data is updated yearly, averaging 90.100 2002=100 from Dec 2006 (Median) to 2012, with 7 observations. The data reached an all-time high of 94.400 2002=100 in 2006 and a record low of 88.500 2002=100 in 2011. Canada IPPI: Lumber, Other Wood Products data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I018: Industrial Product Price Index: 2002=100: Annual.

Canadian lumber exports by mode of transportation, in thousands of cubic metres by provinces and for Canada.

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.

Canada IPPI: Lumber and Other Wood Products data was reported at 81.900 1997=100 in Jul 2010. This records a decrease from the previous number of 82.300 1997=100 for Jun 2010. Canada IPPI: Lumber and Other Wood Products data is updated monthly, averaging 86.800 1997=100 from Jan 2002 (Median) to Jul 2010, with 103 observations. The data reached an all-time high of 108.900 1997=100 in May 2004 and a record low of 80.200 1997=100 in May 2009. Canada IPPI: Lumber and Other Wood Products data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I019: Industrial Product Price Index: 1997=100.

Market Size statistics on the Lumber Wholesaling industry in Canada

Market Size statistics on the Sawmills & Wood Production industry in Canada

Industrial product price index (IPPI), by product by North American Product Classification System (NAPCS) 2017 Version 2.0. Monthly data are available from January 1956. The table presents data for the most recent reference period and the last four periods. The base period for the index is (202001=100).

This statistic shows the annual change of in sales of lumber, millwork, hardware and other building supplies merchant wholesalers in Canada from 2012 to 2023. Sales of lumber, millwork, hardware and other building supplies wholesalers increased by *** percent in 2023 compared to the previous year.

The Canadian wood pulp market skyrocketed to $5.3B in 2024, growing by 45% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market hit record highs at $9.8B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Canada Raw Materials Price Index: Wood data was reported at 102.000 2002=100 in Oct 2013. This records an increase from the previous number of 101.900 2002=100 for Sep 2013. Canada Raw Materials Price Index: Wood data is updated monthly, averaging 91.900 2002=100 from Jan 1981 (Median) to Oct 2013, with 394 observations. The data reached an all-time high of 142.000 2002=100 in Jun 1995 and a record low of 48.800 2002=100 in Dec 1982. Canada Raw Materials Price Index: Wood data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I022: Raw Materials Price Index: 2002=100.

Canada Exports of wood in the rough to Belgium was US$87.03 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Canada Exports of wood in the rough to Belgium - data, historical chart and statistics - was last updated on July of 2025.