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 lumbe 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 1,670 U.S. dollars. Yet, after reaching this peak the price then fell to below 500 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 576 U.S. dollars as of January 29, 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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPS081) from Jan 1967 to Feb 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Non-seasonal prices paid for softwood lumber in the United States have remained relatively stable in 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 yar. The price of softwood veneer and plywood in the United States has also followed a similar trend.

According to Cognitive Market Research, the global Lumber market size will be 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.

Impact of Covid-19 on the Lumber Market

The COVID-19 pandemic significantly impacted the lumber market, causing supply chain disruptions and labor shortages. As construction activities were temporarily halted and sawmills faced closures or reduced operations, lumber production dropped, leading to supply shortages. The demand for Lumber surged as housing...

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber (WPU0812) from Jan 1947 to Feb 2025 about floor coverings, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Plywood was 268.83300 Index 1982=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Plywood reached a record high of 471.30000 in June of 2021 and a record low of 42.00000 in November of 1966. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Lumber and Wood Products: Plywood - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Plywood (WPU083) from Jan 1947 to Jan 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 2023, its price amounted to 678 U.S. dollars per cubic meter, which is twice higher than that of hard timber logs. During that period, hard logs were the cheapest type of timber at approximately 212 U.S. dollars per cubic meter. Meanwhile, lumber prices in the U.S. have fluctuated a lot since February 2020.

The Wholesale Price Index of wood and wood products across India during financial year 2024 was over 146.6. The price index value of wood related products increased by about 41 percent from the base year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.

Mexico Producer Price Index: Incl Service: SE: Mfg: Manufacture of Wood data was reported at 148.014 Dec2003=100 in Jun 2012. This records an increase from the previous number of 147.614 Dec2003=100 for May 2012. Mexico Producer Price Index: Incl Service: SE: Mfg: Manufacture of Wood data is updated monthly, averaging 54.254 Dec2003=100 from Jan 1981 (Median) to Jun 2012, with 378 observations. The data reached an all-time high of 148.014 Dec2003=100 in Jun 2012 and a record low of 0.271 Dec2003=100 in Jan 1981. Mexico Producer Price Index: Incl Service: SE: Mfg: Manufacture of Wood data remains active status in CEIC and is reported by National Institute of Statistics and Geography. The data is categorized under Global Database’s Mexico – Table MX.I021: Producer Price Index: 2003=100.

Building materials made of copper had some of the highest price growth rates in the U.S. in December 2024 in comparison to the previous year. The growth rate of the cost of many construction materials was much lower than in 2023. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to the inflation trends in the U.S. at that time, the price growth rate of construction materials in the UK were generally lower 2023 than in 2022. Nevertheless, the cost of some construction materials in the UK still soared that year, with several of those items reaching price growth rates of over 10 or even of over 14 percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

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).

According to Cognitive Market Research, the global Pine Wood market size will be 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 will be 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

Advancements in Life Sciences Research to Increase the Demand Globally 

The Pine Wood Market is experiencing robust growth due to increasing environmental concerns and a growing preference for sustainable construction materials. Pine wood is renewable, biodegradable, and sourced from responsibly managed forests, making it an eco-friendly choice for construction projects. The global emphasis on reducing carbon footprint and promoting green building practices has propelled the demand for pine wood, particularly in residential and commercial construction applications. Furthermore, certifications like Forest Stewardship Council (FSC) accreditation add credibility to pine wood products, attracting environmentally conscious consumers and businesses. Innovations in sustainable forestry practices, such as selective logging and reforestation efforts, are also contributing to the availability and sustainability of pine wood resources.

Expanding Applications in Biotechnology and Pharmaceuticals to Propel Market Growth

Another significant driver of the Pine Wood Market is its versatility and cost-effectiveness. Pine wood is known for its ease of processing, making it suitable for a wide range of applications such as framing, flooring, furniture, and packaging. Its affordability compared to other hardwoods and engineered materials makes it a preferred choice for budget-conscious consumers and industries seeking durable yet cost-effective solutions. Additionally, technological advancements in wood treatment and preservation methods have enhanced the durability and longevity of pine wood products, further boosting their demand across residential, commercial, and industrial sectors. The development of engineered wood products, such as cross-laminated timber (CLT) and glued laminated timber (glulam), has expanded the application scope of pine wood in construction, enabling sustainable and innovative building designs.

Embracing the Sustainable Practices to Boost the Market

Restraint Factors Of Pine Wood Market

Environmental Concerns and Deforestation Risks to Limit Market Growth

One significant restraint in the Pine Wood Market is environmental concerns and the risk of deforestation. While pine wood is renewable when sourced from responsibly managed forests, unsustainable logging practices can lead to deforestation, habitat loss, and ecosystem degradation. Concerns about biodiversity conservation and forest preservation are prompting regulatory scrutiny and consumer activism, potentially impacting the availability and sustainability of pine wood resources.

Furthermore, the reliance on pine wood for various applications, especially in the construction sector, has led to increased demand and potential overexploitation of forest resources. Balancing the demand for pine wood products with sustainable forestry practices, reforestation efforts, and responsible sourcing strategies is crucial to mitigating environmental risks and ensuring the long-term viability of the Pine Wood Market.

Impact of COVID-19 on the Pine Wood Market

The COVID-19 pandemic had a mixed impact on the Pine Wood Market. Initially, the market experienced disrup...

Timber prices in the United Kingdom fell in 2023, after having risen at a fast pace in 2021 and 2022. The price index of imported sawn or planed wood grew from 132 in 2020 to 195.6 in 2022. Meanwhile, the cost of imported plywood have increased less sharply, and therefore also had a smaller fall.

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

Lack of Awareness to Hinder Market Growth

The cedarwood market faces challenges due to a need for more awareness among consumers and builders about the advantages of cedar wood. Many potential users may need help comprehending the wood's natural durability, decay resistance, and insect-repelling properties. This lack of awareness can lead to the selection of alternative materials that may offer different benefits. Educating the market about cedar wood's qualities and sustainable sourcing practices is essential to overcoming this challenge and ensuring that consumers make informed choices, ultimately contributing to the wood's wider adoption and market growth.

Impact of COVID-19 on the Cedar Wood Market

The COVID-19 pandemic had mixed effects on the Cedar Wood Market. Initially, there was a slowdown in construction and renovation activities, affecting the demand for cedar wood products. Supply chain disruptions and reduced workforce availability also impacted production. However, with more people investing in home improvement and outdoor projects during lockdowns, there was an uptick in demand for cedar wood as consumers focused on enhancing their living spaces. The market's recovery was influenced by evolving consumer preferences and changing economic conditions. What is Cedarwood?

The Cedarwood market is experiencing growth due to several factors. Cedar wood is renowned for its natural durability, resistance to decay, and appealin...

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Oak and Maple Hardwood Flooring (WPU08120401) from Jun 1984 to Feb 2025 about floor coverings, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

United States PPI: Weights: LW: Lumber: Hardwood: Cut Stock & Dimension data was reported at 0.026 % in 2024. This records an increase from the previous number of 0.024 % for 2023. United States PPI: Weights: LW: Lumber: Hardwood: Cut Stock & Dimension data is updated yearly, averaging 0.030 % from Dec 2007 (Median) to 2024, with 18 observations. The data reached an all-time high of 0.035 % in 2021 and a record low of 0.022 % in 2012. United States PPI: Weights: LW: Lumber: Hardwood: Cut Stock & Dimension data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.I062: Producer Price Index: by Commodities: Weights.

Kraft Pulp decreased 182 CNY/T or 3.10% since the beginning of 2025, 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.