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 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 North America Wood Flooring Market Size was valued at approximately USD 12 billion in 2025 and is projected to reach USD 16 billion by 2031, growing at a CAGR of 4.5% over the forecast period. This growth is driven by increased consumer preference for aesthetically pleasing, durable, and sustainable flooring solutions. The United States leads the market, supported by strong demand in both residential and commercial sectors. Trends such as the incorporation of eco-friendly materials, engineered wood, and innovations in design and installation methods are shaping the market's evolution.

In 2024, the Canadian market for wood pulp, excluding mechanical wood pulp was finally on the rise to reach $513M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption showed a noticeable increase. Over the period under review, the market reached the maximum level at $548M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

In 2024, after three years of decline, there was significant growth in the Canadian wood pellets market, when its value increased by 188% to $96M. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market attained the maximum level at $135M in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

In 2021, the market volume of polyurethane (PU) based wood coatings in Canada was estimated at ****** tons, an increase of roughly *** percent compared with 2020. The Canadian PU based wood coatings market is forecast to grow in the coming years, reaching almost ****** tons by 2027.

Canada Beech Wood Market Size, Share, Growth & Trends 2025–2033
Report Scope:

In 2021, the market volume of polyester based wood coatings in Canada was estimated at ***** tons, an increase of roughly ***** percent compared with 2020. The Canadian polyester based wood coatings market is forecast to grow in the coming years, reaching almost ***** tons by 2027.

According to Cognitive Market Research, The Global Cedar Wood market size will be USD 0.35 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030.

The global Cedar Wood market will expand at a significant rate of 6.9% CAGR between 2023 and 2030.
The demand for Cedar Woods is rising due to the rise in demand from the pharmaceutical sector. 
Demand for Conventional remains higher in the Cedar Wood market.
The Offline category held the highest Cedar Wood market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Cedar Wood market will experience the strongest growth until 2030.

Rise In Demand From Pharmaceutical Sector to Provide Viable Market Output

The growing demand from the pharmaceutical industry is driving significant growth in the Cedar Wood Market. Cedarwood is prized for its natural fragrant components and healing qualities. The pharmaceutical sector is using it more and more to extract essential oils and active substances for use in a variety of therapeutic goods, such as ointments, herbal medicines, and natural treatments.

As per data from the Canadian Construction Association, the construction sector stands as one of the leading employers, providing jobs for approximately 1.4 million individuals, and is a substantial contributor to the nation's economic prosperity. Notably, this industry is comprised of around 70% of small and medium-sized enterprises (SMEs), and it plays a crucial role by contributing approximately 7.5% to the country's Gross Domestic Product (GDP).

(Source: www.cca-acc.com/about-us/value-of-industry/)

With the growing preference for natural and holistic healthcare solutions, cedarwood's applications in pharmaceuticals are expanding, significantly driving the demand for cedarwood and positioning it as a valuable resource in the market.

Technology Innovations to Propel Market Growth

Technology innovations are driving the Cedar Wood Market by improving sustainability and resource management. Advanced forestry techniques, such as drone-assisted tree monitoring and selective harvesting, allow for more sustainable cedar wood sourcing. Additionally, new treatment technologies enhance the durability and longevity of cedar wood, expanding its range of applications.

In October 2022, doTERRA introduced a range of fresh essential oils sourced naturally and sustainably. This latest collection encompasses eucalyptus essential oil and guaiac wood essential oil.

(Source: www.doterra.com/IN/en_IN)

Digital marketing and e-commerce platforms make it easier for consumers and businesses to access cedar wood products. Furthermore, improved supply chain management and tracking technologies ensure efficient distribution. These technological advancements contribute to the cedar wood market's growth and environmental sustainability.

Market Dynamics For The Cedar Wood Market

Key Drivers for Cedar Wood Market

High Durability and Natural Resistance Properties: Cedar wood is well-known for its ability to resist decay, insects, and moisture, which makes it a favored option for outdoor furniture, decking, fencing, and siding. Its durability decreases the need for frequent replacements, appealing to both commercial and residential users.

Aesthetic Appeal and Aromatic Qualities: Featuring its deep reddish tones, fine grain, and fragrant oils, cedar wood is highly sought after for interior uses such as wardrobes, closets, paneling, and handcrafted furniture. Additionally, its aroma naturally deters pests, enhancing its functional benefits.

Rising Use in Sustainable and Green Building Projects: As consumers and developers increasingly embrace eco-friendly construction practices, cedar wood—recognized as a renewable and biodegradable resource—has become more popular. Certification standards like FSC (Forest Stewardship Council) further encourage its application in sustainable architecture.

Key Restraints for Cedar Wood Market

Limited Availability and Regional Supply Concentration: Cedar is not extensively accessible in all regions and is primarily obtained from North America and certain areas of Asia. This geographical concentration results in supply limitations and increased costs in markets reliant on imports.

Price Volatility Due to Logging Regulations and Weather: Restrictions on logging aimed at forest conservati...

Discover the booming North American Oriented Strand Board (OSB) market! This in-depth analysis reveals a CAGR exceeding 4%, driven by construction, furniture, and packaging demands. Explore market size, key players (Egger, Georgia-Pacific, West Fraser), and regional trends (US, Canada, Mexico) to 2033. Learn how to capitalize on this expanding industry. Recent developments include: October 2022: Martco LLC revealed that Corrigan OSB LLC, its Texas subsidiary, would build a second-oriented strand board (OSB) production facility near its present, state-of-the-art OSB factory in Corrigan, Texas. This expansion will meet the region's demand for Oriented strand boards (OSB)., August 2021: RoyOMartin announced an investment of USD 211 million for the new Oriented Strand Board (OSB) plant in Texas, United States. In accordance with this new OSB plant, the company will meet the regional demand for OSB.. Key drivers for this market are: Rapidly expanding construction industry, Rise in imports and export, leading to increased packaging. Potential restraints include: Rapidly expanding construction industry, Rise in imports and export, leading to increased packaging. Notable trends are: Rising Demand for Oriented Strand Board (OSB) from the Construction Industry.

In 2020, China increased its chemical wood pulp imports by +10% y-o-y to 24M tons. It was driven by rising demand for paper packaging and tableware amid the pandemic and further stimulated by a sharp fall in import prices last year. Brazil, Indonesia and Canada are the major suppliers, providing 57% of the total import volume. Bleached sulphate pulp accounted for 95% of total wood pulp imports into China.

The global wood vinegar market size was USD 6.36 million in 2024 & is projected to grow from USD 6.83 million in 2025 to USD 12.01 million by 2033.
Report Scope:

Kraft Pulp rose to 4,706 CNY/T on December 2, 2025, up 0.56% from the previous day. Over the past month, Kraft Pulp's price has fallen 3.37%, and is down 19.45% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Kraft Pulp.

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Carpentry Services Market Size 2025-2029

The carpentry services market size is valued to increase by USD 104.1 billion, at a CAGR of 5.8% from 2024 to 2029. Growing demand for on-demand carpentry services will drive the carpentry services market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
By Type - Finish services segment was valued at USD 166.40 billion in 2023
By Application - Residential segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 63.84 billion
Market Future Opportunities: USD 104.10 billion
CAGR from 2024 to 2029 : 5.8%

Market Summary

The market is experiencing significant growth due to the increasing demand for on-demand home improvement projects and the influence of digital media. With the rise of online marketplaces and home services apps, consumers can easily access carpentry services for their homes, leading to increased market penetration. However, the lack of a standard pricing model for carpentry services poses a challenge for both service providers and consumers. One real-world business scenario illustrating this challenge is a construction company aiming to optimize its supply chain. By partnering with a carpentry services provider that offers transparent pricing and efficient project management, the construction company can streamline its operations and reduce costs.
For instance, a study conducted by a leading research firm revealed that implementing a digital platform for managing carpentry services led to a 15% reduction in project completion time and a 20% decrease in material waste. This not only improved operational efficiency but also enhanced customer satisfaction. In conclusion, the market is driven by the growing demand for on-demand home improvement projects and the influence of digital media. However, the lack of a standard pricing model presents challenges for both service providers and consumers. By embracing digital solutions and focusing on transparency and efficiency, carpentry services providers can differentiate themselves and create value for their clients.

What will be the Size of the Carpentry Services Market during the forecast period?

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How is the Carpentry Services Market Segmented ?

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

Type

  Finish services
  Rough services


Application

  Residential
  Commercial
  Industrial


Material

  Wood
  Metal


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

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

The market encompasses a wide range of specialized activities, from structural carpentry and timber framing to furniture making and wood restoration. Carpenters employ various techniques, such as power tools, nail guns, and hand tools, to shape and join wood, creating intricate designs and structures. These services include measuring techniques, joinery techniques, and installation methods, ensuring quality control in every project. The market's continuous evolution is driven by ongoing trends, such as the increasing popularity of custom carpentry and the demand for eco-friendly wood preservation techniques. For instance, the use of wood glue types and specialized tools for woodworking and finishing has gained significant traction.

Moreover, the growing focus on safety regulations and the integration of technology, such as blueprint reading and CNC machines, have transformed the carpentry landscape. According to market research, The market is projected to grow at a compound annual growth rate (CAGR) of 5.2% between 2021 and 2026, reaching a market size of USD122.6 billion. This growth is attributed to factors like the increasing number of new homes, the rising demand for design elements, and the expansion of the global economy. Carpentry projects, such as cabinet making, site preparation, and repair services, will continue to be in high demand due to the ongoing need for woodworking and construction carpentry.

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The Finish services segment was valued at USD 166.40 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 44% 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 m

American OSB imports shot up due to the construction boom that has been seen in the country. The unprecedented demand for wood products leads to record hikes in prices that are relevant not only for OSB but the entire wood industry. Canada is the only major supplier of OSB to the U.S., holding approx. 30% share in the market. Canadian producers thus thrive from the American construction boom.