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 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.

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.

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.

Explore the recent trends in construction lumber pricing affected by supply chain disruptions, demand changes, and economic shifts up to 2023. Learn about the impact of the pandemic, housing market dynamics, and trade policies on lumber costs, and how prices have stabilized post-pandemic. Stay informed about the factors influencing lumber prices and their implications for builders and developers.

The annual price growth rate of hardwood lumber in the United States fluctuated significantly between 1970 and 2023. During that time, the highest increase was observed in 2021 when hardwood lumber prices increased by 34.9 percent. The producer prices for hardwood lumber fell by 15 percent in 1975.

Explore the dynamic landscape of lumber prices in the U.S., affected by factors like supply chain disruptions, the COVID-19 pandemic, geopolitical tensions, and economic trends. Discover how housing market fluctuations, tariffs, and environmental events such as wildfires impact this volatile market, and gain insights into the prospects for price stabilization as of late 2023.

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.

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.

Explore the dynamics of mahogany lumber prices in 2023, influenced by factors like wood grade, origin, and market demand. Discover alternatives and understand how environmental regulations and availability impact the cost of this sought-after material for woodworking and furniture crafting.

Explore the factors influencing the pricing of cypress lumber in 2023, including location, demand, environmental regulations, and economic conditions. Understand how market trends, quality grades, and transportation costs affect the cost of this resilient and water-resistant wood.

Explore the complex factors influencing bulk lumber prices in 2023, including supply chain challenges, environmental conditions, and shifts in construction practices. Understand how these dynamics impact construction, home improvement projects, and the housing market at large.

Graph and download economic data for Wood Products: Energy Costs (MPU5000641) from 1987 to 2023 about cost, wood, energy, durable goods, production, goods, manufacturing, and USA.

In the fiscal year 2023, the price index of wood for building construction Japan's capital Tokyo stood at 138.6 index points. Timber prices declined from a decade high of 170.1 index points in the previous year.

Explore the factors influencing soft maple lumber prices in 2023, including economic conditions, supply chain issues, and market demand. Learn about price volatility caused by housing market changes, consumer preferences, and sustainability trends.

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...

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-...

Explore the factors influencing lumber price fluctuations, including housing market demands, environmental regulations, and global events, to understand current and future trends in the lumber industry as of late 2023.

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.

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