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.

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 Jun 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 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.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Wood Trusses was 269.61600 Index Dec 2003=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Wood Trusses reached a record high of 404.05600 in March of 2022 and a record low of 99.70000 in January of 2004. 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: Wood Trusses - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber was 277.71700 Index 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber reached a record high of 316.10800 in May of 2022 and a record low of 24.30000 in January of 1947. 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: Hardwood Lumber - last updated from the United States Federal Reserve on August of 2025.

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.

This statistic shows the forestry product producer price index in China from the second quarter of 2022 to the second quarter of 2025. During the second quarter of 2025, the index ranged at around **** points (same quarter of previous year = 100).

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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?

Download Report Sample to Unlock the Lumber Pallet Market Size for the Forecast Period and Other Important Statistics

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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United States - Export Price Index (End Use): Logs and Lumber was 114.40000 Index 2000=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Export Price Index (End Use): Logs and Lumber reached a record high of 137.70000 in March of 2022 and a record low of 79.50000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Export Price Index (End Use): Logs and Lumber - last updated from the United States Federal Reserve on August of 2025.

Throughout the timeline, hard sawn wood has had higher prices than any other type of timber. In 2024, its price amounted to ****** U.S. dollars per cubic meter, which is twice higher than that of hard timber logs. During that period, soft logs were the cheapest type of timber at approximately ****** U.S. dollars per cubic meter. Meanwhile, lumber prices in the U.S. fluctuated a lot between 2020 and 2022.

Graph and download economic data for Producer Price Index by Industry: Engineered Wood Member Manufacturing: Primary Products (PCU321215321215P) from Dec 2022 to Jun 2025 about engineering, wood, primary, production, manufacturing, PPI, industry, price index, indexes, price, and USA.

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).

The wood pellets price per ton stood at $178 (FOB, US) in May 2022, shrinking by -19.4% against the previous month.

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.

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.

Japan PPI: W: Lumber & Wood: Wood Products (WP) data was reported at 4.000 Per 1000 in Apr 2022. This stayed constant from the previous number of 4.000 Per 1000 for Mar 2022. Japan PPI: W: Lumber & Wood: Wood Products (WP) data is updated monthly, averaging 4.000 Per 1000 from Jan 2015 (Median) to Apr 2022, with 88 observations. The data reached an all-time high of 4.000 Per 1000 in Apr 2022 and a record low of 4.000 Per 1000 in Apr 2022. Japan PPI: W: Lumber & Wood: Wood Products (WP) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I067: Producer Price Index: 2015=100: Weight.

United States - Producer Price Index by Industry: Engineered Wood Member Manufacturing: Laminated Veneer Lumber was 223.94900 Index Dec 2003=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Engineered Wood Member Manufacturing: Laminated Veneer Lumber reached a record high of 277.82800 in May of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Engineered Wood Member Manufacturing: Laminated Veneer Lumber - last updated from the United States Federal Reserve on August of 2025.

United States PPI: Mfg: WP: PL: EW: PP: WM: Laminated Veneer Lumber data was reported at 271.646 Dec2003=100 in Dec 2022. This records a decrease from the previous number of 273.040 Dec2003=100 for Nov 2022. United States PPI: Mfg: WP: PL: EW: PP: WM: Laminated Veneer Lumber data is updated monthly, averaging 126.400 Dec2003=100 from Dec 2003 (Median) to Dec 2022, with 185 observations. The data reached an all-time high of 277.828 Dec2003=100 in May 2022 and a record low of 100.000 Dec2003=100 in Dec 2003. United States PPI: Mfg: WP: PL: EW: PP: WM: Laminated Veneer Lumber 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.I087: Producer Price Index: by Industry: Manufacturing: Wood, Paper and Printing Activities.