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.

According to Cognitive Market Research, the global Lumber market size was USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The sustainable products category is the fastest growing segment of the Lumber industry

Market Dynamics of Lumber Market

Key Drivers for Lumber Market

Increased infrastructure development fuels lumber consumption and market growth to Boost Market Growth

The key drivers that dominate the growth of the lumber market due to increased infrastructure development include rising urbanization, population growth, and an expanding construction sector. As countries invest heavily in infrastructure projects such as roads, bridges, and residential and commercial buildings, there is a growing demand for Lumber as a primary building material. Additionally, the increasing focus on sustainable and eco-friendly construction practices has led to a preference for wood-based products, driving up lumber consumption. Government initiatives and policies aimed at enhancing urban development and improving infrastructure further stimulate the demand for Lumber. Moreover, the growing trend of wood's aesthetic and environmental benefits in interior design and construction projects contributes to market growth. The continuous development of new technologies in lumber processing and efficient supply chain management also boosts the availability of quality lumber, enhancing its consumption in the market. These factors collectively fuel the global lumber market growth.

Rising home construction projects drive lumber demand and prices

Rising home construction projects are a key driver of increased lumber demand and prices. The expansion of residential construction, fueled by population growth, urbanization, and low interest rates, boosts the need for Lumber. As more people seek homeownership and housing inventory remains limited, the demand for building materials, particularly Lumber, intensifies. Supply chain disruptions, limited mill capacity, and labor shortages further exacerbate the supply-demand imbalance, contributing to price hikes. Additionally, increasing government investment in infrastructure and housing projects, along with the shift toward sustainable building practices, is expected to continue driving demand for Lumber in the coming years.

Restraint Factor for the Lumber Market

Unpredictable timber costs affect pricing and profitability

Unpredictable timber costs pose significant restraints in the timber industry, directly influencing pricing and profitability. Fluctuations in raw material costs, driven by factors like supply chain disruptions, environmental regulations, and demand shifts, make it difficult for businesses to forecast expenses. This uncertainty can lead to pricing instability, forcing companies to either absorb higher costs or pass them onto consumers, which impacts competitiveness. Additionally, profitability is threatened as businesses struggle to maintain margins amidst rising or volatile timber prices. Long-term planning and financial stability are hindered, limiting growth opportunities and operational efficiency.

Trend Factor for the Lumber Market

Sustainable forestry and eco-certified lumber are gaining momentum

The lumber market is undergoing a significant transformation towards sustainability, characterized by an increasing demand for eco-certified and responsibly sourced wood products. Stakeholders including consumers, builders, and governments are emphasizin...

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.

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

Throughout the timeline, hard sawn wood has had higher prices than any other type of timber. In 2024, its price amounted to ****** U.S. dollars per cubic meter, which is twice higher than that of hard timber logs. During that period, soft logs were the cheapest type of timber at approximately ****** U.S. dollars per cubic meter. Meanwhile, lumber prices in the U.S. fluctuated a lot between 2020 and 2022.

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.

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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.

For more insights on the market size of various regions, Request Free Sample

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

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.

Timber prices in the United Kingdom fell slightly in 2024, after those prices decreased significantly in 2023. The price index of imported sawn or planed wood grew by ***** percent between 2020 and 2022, while the cost of imported plywood rose by ** percent during that period.

According to Cognitive Market Research, the global Pine Wood market size was USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.70% from 2024 to 2031.

North America held the major market, accounting for more than 40% of global revenue. With a market size of USD XX million in 2024, it will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7 % from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and was USD XX million in 2024, growing at a compound annual growth rate (CAGR) of 4.1 % from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
The Furniture segment had the largest share in the global Pine Wood market by application.

Market Dynamics of Pine Wood Market

Key Drivers of Pine Wood Market

High Demand in Furniture and Interior Design: Pine wood is extensively utilized in the production of furniture, cabinetry, and paneling owing to its ease of work, attractive grain pattern, and cost-effectiveness. The global surge in home decor and DIY initiatives has led to a notable increase in demand for pine-based products from both interior designers and consumers.

Sustainable and Renewable Resource Appeal: In light of rising environmental concerns, the classification of pine wood as a fast-growing, renewable, and sustainably sourced timber renders it appealing to eco-conscious consumers. Certifications such as FSC and PEFC further enhance its acceptance in green building projects and sustainable product lines within the construction and manufacturing industries.

Growth in Construction and Packaging Applications: Pine wood is widely employed in structural framing, flooring, pallets, and crates. The rapid growth of construction activities in developing areas, coupled with the rising global trade that necessitates durable packaging, underscores the continued relevance of pine wood due to its structural integrity and availability in these industrial sectors.

Key Restraint Of Pine Wood Market

Susceptibility to Decay and Termites: As a softwood, pine wood is vulnerable to insect infestations and decay, particularly in humid conditions. This vulnerability restricts its use in outdoor and long-term structural applications unless it undergoes chemical treatment, which increases processing costs and raises concerns regarding the environmental and health implications of such preservatives.

Volatile Timber Pricing and Supply Chain Disruptions: Variations in timber supply caused by wildfires, pest infestations (such as pine beetles), and trade limitations have led to price volatility. Furthermore, transportation and export regulations impact availability, rendering pine wood a less reliable option for manufacturers who require a steady supply in bulk.

Competition from Engineered and Alternative Materials: Pine wood faces competition from engineered woods such as MDF and plywood, along with materials like plastic, aluminum, and composites. These alternatives frequently provide enhanced durability or fire resistance and are being increasingly utilized in industries that prioritize low-maintenance or more resilient solutions.

Key Trends Of Pine Wood Market

Rise in Thermally Modified Pine Wood: Thermal modification enhances the durability, moisture resistance, and lifespan of pine wood, rendering it suitable for outdoor and architectural applications. This trend is on the rise, particularly in Europe and North America, where consumers are in search of natural yet enduring wood alternatives that do not require extensive chemical treatments.

Integration in Modular and Prefabricated Construction: Pine wood is becoming increasingly popular in modular buildings and prefabricated housing due to its lightweight nature, aesthetic appeal, and ease of cutting. Its application in quick-assembly structures corresponds with the growing demand for affordable and sustainable housing and commercial space devel...

Bulgaria Export Price Index: CI: Wood, Lumber and Cork data was reported at 90.551 Prev Year=100 in Dec 2024. This records an increase from the previous number of 90.361 Prev Year=100 for Sep 2024. Bulgaria Export Price Index: CI: Wood, Lumber and Cork data is updated quarterly, averaging 103.736 Prev Year=100 from Mar 2001 (Median) to Dec 2024, with 96 observations. The data reached an all-time high of 210.310 Prev Year=100 in Dec 2022 and a record low of 81.211 Prev Year=100 in Mar 2024. Bulgaria Export Price Index: CI: Wood, Lumber and Cork data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.I014: Export Price Index: Previous Year=100.

Bulgaria Import Price Index: CI: Wood, Lumber and Cork data was reported at 94.900 Prev Year=100 in Dec 2024. This records an increase from the previous number of 92.200 Prev Year=100 for Sep 2024. Bulgaria Import Price Index: CI: Wood, Lumber and Cork data is updated quarterly, averaging 102.686 Prev Year=100 from Mar 2001 (Median) to Dec 2024, with 96 observations. The data reached an all-time high of 146.916 Prev Year=100 in Dec 2022 and a record low of 75.300 Prev Year=100 in Dec 2003. Bulgaria Import Price Index: CI: Wood, Lumber and Cork data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.I016: Import Price Index: Previous Year=100.

The price of softwood lumber in the first half of 2025 was **** percent higher than in 2024. The industrial price of wood windows and doors increased by **** percent in the first six months of 2025. However, the price of veneer and plywood fell by **** percent during that period.

Explore how 84 Lumber, a top supplier of building materials, manages fluctuating lumber prices influenced by market demand, supply changes, and economic factors. Learn about types of lumber available, price dynamics, and benefits of maintaining supplier relationships for cost savings in construction projects.

Lumber Liquidators reported $55.5M in Market Capitalization this April of 2024, considering the latest stock price and the number of outstanding shares.Data for Lumber Liquidators | LL - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last December in 2025.

Statistics illustrates prices of laminated veneered lumber (lvl); with both outer plies of coniferous wood in Jordan from 2007 to 2024.

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.

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.