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.

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.

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.

The Turkish preservative-treated rough wood market reduced markedly to $13M in 2024, shrinking by -15.5% against the previous year. In general, consumption recorded a perceptible descent. As a result, consumption reached the peak level of $52M. From 2021 to 2024, the growth of the market remained at a somewhat lower figure.

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

The Cuban preservative-treated rough wood market dropped to $X in 2021, with a decrease of -5.9% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preservative-treated rough wood consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

For fiscal year 2025, the forecast FIT price for biomass was highest for woody biomass derived from thinned wood under ***** kilowatts, with around ** Japanese yen per kilowatt-hour. The FIT price of woody biomass derived from thinned wood with more than ***** kilowatts was the lowest, with only ** yen per kilowatt-hour.

In 2024, the Norwegian densified wood market increased by 18% to $3.9M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption enjoyed a perceptible expansion. Densified wood consumption peaked at $8.4M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The Kenyan wood tool market amounted to $37M in 2024, picking up by 2.5% against the previous year. Over the period under review, consumption, however, showed resilient growth. Wood tool consumption peaked at $46M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

In 2024, the Chilean densified wood market was finally on the rise to reach $73M for the first time since 2021, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $80M. From 2022 to 2024, the growth of the market failed to regain momentum.

The Indian wood tool market expanded slightly to $1.3B in 2024, growing by 3.7% against the previous year. Overall, consumption, however, saw a resilient expansion. Wood tool consumption peaked at $1.5B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The EU preservative-treated rough wood market dropped to $512M in 2024, with a decrease of -8.4% against the previous year. Overall, consumption saw a noticeable increase. Over the period under review, the market attained the maximum level at $846M in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The global market for wood chips, particles and residues stood at $X in 2021, leveling off at the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by X% against 2012 indices. Over the period under review, the global market reached the maximum level in 2021 and is likely to see steady growth in years to come.

In 2020, the construction boom in the U.S. set off an unprecedented demand for sawnwood, outpacing the rate of recovery from disruptions due to Covid. With stocks depleting, product prices have skyrocketed over the previous year. From February 2021, lumber mill utilization began to fall following a softened activity in the construction sector. According to the results of the year, growth in the sawnwood market is predicted, stimulated by a continuing increase in construction.

The U.S. chemical wood pulp market rose by 6.1% to $27B in 2021.

The Scandinavia market for coniferous wood in the rough declined slightly to $9.1B in 2024, approximately reflecting the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the market value increased by 9.8% against the previous year. As a result, consumption attained the peak level of $9.2B. From 2022 to 2024, the growth of the market failed to regain momentum.

The U.S. reconstituted wood product market is estimated at approx. $12B. Over May-June 2020, the production and imports recovered from the lockdown-related drop and continued to grow. It is driven by rapidly growing suburban construction and the related need to equip homes with furniture. Should the pandemic wane in 2021, the market is to continue measured growth.

The Puerto Rican wood tool market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -39.2% against 2017 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.