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.

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.

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.

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

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in early 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. 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 these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** 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.

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.

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.

South Korea PPI: MI: WP: Wood & Wooden Products (WW) data was reported at 123.740 2020=100 in Mar 2025. This records an increase from the previous number of 122.600 2020=100 for Feb 2025. South Korea PPI: MI: WP: Wood & Wooden Products (WW) data is updated monthly, averaging 72.170 2020=100 from Jan 1965 (Median) to Mar 2025, with 723 observations. The data reached an all-time high of 131.090 2020=100 in Jun 2022 and a record low of 4.210 2020=100 in Apr 1965. South Korea PPI: MI: WP: Wood & Wooden Products (WW) data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.I045: Producer Price Index: 2020=100.

In 2020, the Thai wood residues market increased by X% to $X, rising for the sixth year in a row after two years of decline. In general, the total consumption indicated a notable expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2014 indices. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in years to come.

Housing Inventory: Price Increased Count Month-Over-Month in Wood County, OH was 100.00% in May of 2025, according to the United States Federal Reserve. Historically, Housing Inventory: Price Increased Count Month-Over-Month in Wood County, OH reached a record high of 166.67 in April of 2020 and a record low of -100.00 in October of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for Housing Inventory: Price Increased Count Month-Over-Month in Wood County, OH - last updated from the United States Federal Reserve on July of 2025.

Global wood pellet imports spiked by +9.2% y-o-y to $4.5B, reaching the highest point ever. The UK remains the largest wood pellet importer, accounting for 35% of the total global imports. Among leading importers, the Netherlands saw the most prominent growth of supplied volume last year. The average import price for wood pellets grew by +4.3% y-o-y in 2020. The U.S., Vietnam, Canada, Latvia, Russia and Denmark constitute the prime exporters of wood pellets worldwide.

In 2024, the U.S. prefabricated wood building market decreased by -0.9% to $6.9B, falling for the second year in a row after three years of growth. Overall, consumption showed a resilient increase. Prefabricated wood building consumption peaked at $7.1B in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Commodity: Pulp, Paper, and Allied Products: Wood Pulp (WPU0911) from Jan 1926 to May 2025 about wood, paper, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Housing Inventory: Price Increased Count Year-Over-Year in Wood County, WI (PRIINCCOUYY55141) from Jul 2017 to Mar 2020 about Wood County, WI; WI; price; and USA.

In 2023, concrete blocks and bricks were the construction materials with the highest price increase in Canada. The average price of that product was over 15.6 percent higher in 2023 than in the previous year. Meanwhile, the price of lumber and other sawmill products decreased in 2023, after its price soared in 2020 and 2021. Due to inflation, supply chain disruptions, and other problems, the price for most construction materials increased very significantly in 2021 and 2022.

Japan PPI: LU: Lumber & Wood Products (LWP) data was reported at 133.600 2020=100 in Mar 2025. This records an increase from the previous number of 133.100 2020=100 for Feb 2025. Japan PPI: LU: Lumber & Wood Products (LWP) data is updated monthly, averaging 135.700 2020=100 from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 178.300 2020=100 in Jun 2022 and a record low of 98.700 2020=100 in Sep 2020. Japan PPI: LU: Lumber & Wood Products (LWP) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I045: Producer Price Index: 2020=100: Lumber & Wood Products.

In 2020, the Asian wood residues market increased by X% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption, however, saw a buoyant increase. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the immediate term.

In 2020, the Moroccan wood residues market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2017 to 2020, the growth of the market remained at a somewhat lower figure.

According to Cognitive Market Research, The Global Balsa Wood market size is USD 152.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.

The demand for balsa wood is rising due to the numerous strategies adopted by key participants.
Demand for grain B remains higher in the balsa wood market.
The aerospace & defense category held the highest balsa wood market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American balsa wood market will experience the most substantial growth until 2030.

Growing Government Regulation Regarding Balsa Wood Planting to Provide Viable Market Output

Growing government regulation concerning balsa wood planting significantly impacts the balsa wood market. Stricter environmental regulations and forest management practices are being enforced to combat deforestation and promote sustainable forestry. This affects the balsa wood supply, potentially leading to higher prices due to limited availability. Additionally, these regulations encourage industries to seek eco-friendly alternatives, increasing the market's interest in sustainable materials and contributing to adopting responsible sourcing practices in the balsa wood industry.

For instance, in December 2020, CoreLite, a leading manufacturer of advanced versions of balsa wood, signed an agreement with the Los Rios Province, Ecuador government. The agreement will support CoreLite in the long-term plantation of balsa wood. The move will allow the company to plant and harvest balsa wood throughout the province for 5 years.

(Source: www.corelitecomposites.com/blogs/post/CoreLite-Signs-Agreement-with-Local-Government-for-Balsa-Wood-Supply)

Various Strategies Adopted by Key Players to Propel Market Growth

Key players in the balsa wood market have adopted several strategies to maintain and expand their market presence. These include sustainable sourcing practices to address environmental concerns, diversifying product offerings to cater to various industries, expanding global distribution networks, and investing in research and development for innovative applications. Some companies have also focused on building long-term partnerships with suppliers and customers to ensure a stable supply chain. These strategies enhance competitiveness, sustainability, and responsiveness to market fluctuations.

For instance, in April 2023, 3A Composites Core Materials launched its new Engicore core materials product range, mainly for the South and North American markets. With the launch of a new product line, the company wants to expand its product offerings and offer customers access to custom-tailored solutions to adapt their manufacturing process and standard needs quickly.

(Source: www.compositesworld.com/products/3a-composites-core-materials-launches-engicore-business-line)

Rising Adoption of Composites in Buildings

Market Dynamics Of the Balsa Wood

Price Volatility in the Balsa Wood to Restrict Market Growth

Price volatility in the balsa wood market refers to significant and unpredictable fluctuations in the cost of balsa wood products over time. This volatility can result from various factors, including supply disruptions, currency exchange rate fluctuations, and changes in demand. The balsa wood market's sensitivity to these factors can make it challenging for industries like aerospace and construction to budget effectively, potentially leading to cost overruns and the need for strategies to mitigate price risk, such as supply chain diversification.

Impact of COVID-19 on the Balsa Wood Market

The COVID-19 pandemic impacted the balsa wood market by disrupting supply chains and reducing production capacities. Lockdowns and reduced economic activity affected demand, especially in industries like aerospace and construction. Additionally, logistical challenges hindered the transportation of balsa wood, contributing to increased costs. While the pandemic temporarily hindered the market, it also underscored the importance of sustainable materials like balsa wood, potentially driving future demand as industries prioritize resilience and eco-friendly solutions. Introduction of the Balsa Wood Market

The increase in the use of balsa wood for making toys is contributing to expanding the balsa wood market. Balsa wood's lightweight, easy-to-work nature and eco-...

Between 2022 and 2024, the construction price of residential and non-residential buildings in Canada has grown at the same pace. The price of both types of buildings was roughly six percent higher in the last quarter of 2024 than in 2023, which is the year when the index base was set at 100. Nevertheless, that only considers the cost of buildings in 15 selected metropolitan areas in Canada. Toronto was by far the metropolitan region with the highest construction costs in Canada.

What determines construction costs? The growth rate of the construction price of different types of buildings tends to follow similar trends to some extent. For example, price growth rates in Canada for most types of buildings were more moderate in 2023 than in previous years. However, those figures show a lot of disparity, with the cost of building a high rise apartment building growing much faster than that of other types of buildings. This might be because the construction costs depend on elements such as the location, materials, and complexity of the building, which tend to be quite different for each type of building.

Lumber building materials in Canada In 2023, Canada was the world’s second-largest exporter of wood building materials such as veneer sheets, parquet flooring, particleboard, laminated wood, and builders’ joinery and carpentry. Forestry, logging, and processing wood into ready-to-use materials are important industries in the Canadian economy. High price growth rates of building materials impact negatively the construction industry as their activities become more expensive. However, the forestry and logging industry benefited from the cost of lumber rising in 2020 and 2021. In the past years, the price of lumber, however, has fallen again.