Lumber fell to 652.50 USD/1000 board feet on August 8, 2025, down 0.15% from the previous day. Over the past month, Lumber's price has risen 6.32%, and is up 24.25% 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.

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.

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.

Global Softwood Lumber market size 2021 was recorded $295.895 Billion whereas by the end of 2025 it will reach $343.5 Billion. According to the author, by 2033 Softwood Lumber market size will become $462.92. Softwood Lumber market will be growing at a CAGR of 3.8% during 2025 to 2033.

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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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.

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The global wood coating market size was valued at USD 9.66 billion in 2020 and is expected to reach USD 12.97 billion by 2026, growing at a CAGR of 5.03%

Wood Grapples Market report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2034

Softwood Lumber Market size was valued at USD 49,292.51 Million by 2021 and is projected to reach USD 82,325.97 Million in 2030, growing at a CAGR of 5.86% from 2023 to 2030.Key market drivers for the Softwood Lumber Market include rising demand from the construction and furniture industries, especially in residential housing and interior applications. Growing emphasis on sustainable and eco-friendly building materials, along with government support for green construction, further boosts demand. Additionally, increasing urbanization and infrastructure development across emerging economies are fueling market growth.

Lumber wholesalers distribute a wide range of lumber, plywood, millwork and wood panel products to contractors, home improvement stores, hardware stores and other miscellaneous buyers, like government agencies, businesses for end use, consumers and farms. The industry has faced severe volatility through most of the current period as a result of the pandemic, massive supply chain disruptions and surging interest rates. In particular, higher rates offset growth realized at the start of the pandemic from torrid housing starts and home improvement markets, leading to five-year declines in the industry. Overall, revenue has faltered at an expected CAGR of 1.1% to $150.7 billion through the current period, despite a 1.3% jump in 2025, where profit reached 4.3%. Supply chain disruptions have also had an outsized impact on the industry's performance. In particular, major lumber shortages caused prices to skyrocket more than 36.0% in 2021. Wholesalers faced shrinking inventories and heightened demand from housing markets, with demand overwhelming availability. Companies were able to heavily raise prices, reaping 14.0% growth in the year. As prices ebbed and construction markets cooled, revenue dropped significantly, erasing gains from the start of the current period. In general, the cyclical nature of construction markets contributes to major boom-or-bust cycles. Lumber wholesalers will continue to contend with uncertainty through the outlook period. While interest rate cuts in 2024 and 2025 point toward healthier construction markets in the near future, tariffs may likely create economic uncertainty. Additionally, trade policies may introduce new supply chain complexities, raising lumber prices and potentially encouraging contractors to adopt alternative materials in home building. Additionally, companies will start to prioritize cost-saving technology and systems, like robotics and inventory management systems, improving connectivity with buyers and suppliers while reducing labor reliance. Wholesalers will also need to effectively manage inventories, ensuring products meet sustainability standards to attract and retain buyers. Overall, revenue will rebound at an expected CAGR of 2.0% to $166.7 billion through the outlook period, where profit will reach 4.4%.

Global Kiln Dried Dimensioned Lumber for Packaging market size 2021 was recorded $6969.64 Million whereas by the end of 2025 it will reach $8279.65 Million. According to the author, by 2033 Kiln Dried Dimensioned Lumber for Packaging market size will become $11684.7. Kiln Dried Dimensioned Lumber for Packaging market will be growing at a CAGR of 4.4% during 2025 to 2033.

Types:Hardwoods: Oak, walnut, mapleSoftwoods: Pine, fir, spruceMixed SpeciesEngineered Reclaimed LumberGrades:PremiumSelectStandardEconomy Recent developments include: March 2021: The Flophouze Shipping Container Hotel in Texas, the United States, was featured in a Travel Leisure article as a hip eco-friendly hotel because of its distinctive architecture and use of reclaimed shipping containers in its construction., January 2020: In order to broaden its national platform and give engineers and contractors more capacity, capabilities, and market-leading practises, USA Millwork purchased Mission Bell, a manufacturer of architectural millwork in Northern California.. Notable trends are: The increasing construction sector is driving the market growth.

The Japanese preservative-treated rough wood market dropped to $128M in 2024, reducing by -4.1% against the previous year. Over the period under review, consumption saw a mild downturn. Over the period under review, the market attained the peak level at $149M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

Wood Flooring Market was estimated at USD 4,700 Million in 2020 and projected to expand at 1.5% CAGR over the forecast period.

The Asia Pacific Plastic Lumber Market would witness market growth of 11.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 805.5 kilo tonnes, showcasing a growth of 9.7% (2019-2022). The plastic lumber market is expanding into new applicati

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.

Global Engineered Wood market size 2021 was recorded $228.673 Billion whereas by the end of 2025 it will reach $282.728 Billion . According to the author, by 2033 Engineered Wood market size will become $432.191. Engineered Wood market will be growing at a CAGR of 5.448% during 2025 to 2033.

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

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The glue-laminated timber market share is expected to increase by USD 1.12 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.24%.

This glue-laminated timber 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 glue-laminated timber market segmentation by application (residential, commercial, and others) and geography (North America, Europe, APAC, South America, and MEA). The glue-laminated timber market report also offers information on several market vendors, including Binderholz GmbH, Boise Cascade Co., Calvert Co. Inc., Canfor Corp., HASSLACHER Holding GmbH, Mayr-Melnhof Holz Holding AG, Pfeifer Holding GmbH, Setra Group AB, Stora Enso Oyj, and Structurlam Mass Timber Corp. among others.

What will the Glue-laminated Timber Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the glue-laminated Timber Market Size for the Forecast Period and Other Important Statistics

Glue-laminated Timber Market: Key Drivers, Trends, and Challenges

The increasing demand for durable wood flooring is notably driving the glue-laminated timber market growth, although factors such as the availability of numerous substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the glue-laminated timber market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Glue-laminated Timber Market Driver

Increasing demand for durable wood flooring is a major driver fueling the glue-laminated timber market growth. With developments in aesthetics, quality, and selections of wood and finishes, glue-laminated timber has become an attractive option for durable flooring. Plastic composites are also being used for decking. Although plastic composites are cheaper, their production process involves the emission of hazardous compounds. Further, these composites are not fire and heat-resistant, limiting their wide acceptance. On the contrary, glue-laminated timber is made using softwood and hardwood products procured from wood processing industries. Therefore, these timber products are eco-friendly and sustainable alternatives to conventional flooring in most applications. In addition to its natural wood-like and enhanced properties, glue-laminated timber has a longer life cycle and greater load-carrying capacity than other wood products (solid wood) of the same measurement. In the manufacturing of glue-laminated timber, special resins are used that comply with stringent regulatory stands set by various government organizations for safety and efficacy. This is attributable to the fact that glue-laminated timber products are more uniform and predictable in terms of mechanical properties as defects in the wood are minimized during the manufacturing process.

Key Glue-laminated Timber Market Trend

The increasing adoption of wooden furniture is a major trend influencing the glue-laminated timber market growth. The increasing adoption of wood-based furniture is likely to support the global glue laminated timber market's growth in the future. Home and office furnishings such as wooden furniture are characterized by enhanced durability and long replacement cycles. The home furniture is often considered a one-time investment, especially by the middle-income and low-income segments of the population. Glulam is commonly used in the manufacturing of furniture such as benches and tables, among others. The emergence of bamboo-reinforced glue-laminated timber-based furniture is likely to support the market's growth going forward. Wooden furniture is widely used in home and office spaces for decoration and aesthetics. Branded and premium wooden furniture is made of superior quality raw materials. Investments in such furniture are considered permanent, with consumers required to incur nominal maintenance costs. Premium products available in the market are characterized by enhanced durability and convenience of use. Demand for branded wooden furniture and home furnishing equipment has increased due to rising consumer awareness and brand consciousness. This will likely create a positive influence on the growing use of wooden furniture during the forecast period.

Key Glue-laminated Timber Market Challenge

The availability of numerous substitute products is a major hindrance to the glue-laminated timber market growth. Consumers and end-users are shifting from glue-laminated timber products to more cost-effective, competitive products. Plywood, laminated veneer lumber, oriented strand board, cross-laminated timber, iron, steel, aluminum, etc. are some of the key substitutes