Lumber fell to 537 USD/1000 board feet on December 1, 2025, down 1.29% from the previous day. Over the past month, Lumber's price has fallen 1.47%, and is down 9.54% 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 December of 2025.

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.

Lumber Prices - Historical chart and current data through 2025.

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.

As of June 20 2025, 2x4 western spruce-pine-fir (kiln dried) Utility #3 was the lowest priced type of lumber in North America, at *** U.S. dollars per 1,000 board feet. Meanwhile, 2x4 eastern spruce-pine-fir stood at *** Canadian dollars per 1,000 board feet.

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: Miscellaneous Wood Products (WPU0849) from Dec 1980 to Aug 2025 about miscellaneous, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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

Trend Factor for the Lumber Market

Sustainable forestry and eco-certified lumber are gaining momentum

The lumber market is undergoing a significant transformation towards sustainability, characterized by an increasing demand for eco-certified and responsibly sourced wood products. Stakeholders including consumers, builders, and governments are emphasizin...

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber was 281.33600 Index 1982=100 in August 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 December of 2025.

As of July 18, 2025, the price of a 7/16 inch oriented strand board (OSB) in Canada was 335 Canadian dollars, which was significantly lower than the 52-week average. That means that the prices of OSB in Canada fell significantly in the past year. Meanwhile, the price of 9.5mm 4-ply exterior panel increased to 618 Canadian dollars.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber was 277.36400 Index 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber reached a record high of 462.00000 in May of 2021 and a record low of 4.50000 in August of 1932. 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: Lumber - last updated from the United States Federal Reserve on November of 2025.

Germany - Producer prices in industry: Sawmilling and planing of wood was 104.50 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Producer prices in industry: Sawmilling and planing of wood - last updated from the EUROSTAT on December of 2025. Historically, Germany - Producer prices in industry: Sawmilling and planing of wood reached a record high of 126.50 points in May of 2022 and a record low of 49.20 points in March of 2005.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber (WPU0811) from Jan 1947 to Aug 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

The price of softwood lumber in the first half of 2025 was **** percent higher than in 2024. The industrial price of wood windows and doors increased by **** percent in the first six months of 2025. However, the price of veneer and plywood fell by **** percent during that period.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Logs, Bolts, Timber and Pulpwood was 109.41900 Index Dec 2011=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Logs, Bolts, Timber and Pulpwood reached a record high of 118.22800 in July of 2022 and a record low of 100.00000 in December of 2011. 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: Logs, Bolts, Timber and Pulpwood - last updated from the United States Federal Reserve on December of 2025.

European Union - Producer prices in industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials was 114.40 points in September of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials - last updated from the EUROSTAT on December of 2025. Historically, European Union - Producer prices in industry: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials reached a record high of 121.70 points in June of 2022 and a record low of 65.40 points in February of 2000.

Canada's production of softwood and hardwood lumber has been mostly decreasing between 2017 and 2025. In general, there were many fluctuations in the amount of lumber produced within each single year, with December usually having the lowest production figures. In May 2025, there were **** million cubic meters produced. There are also some factors that tend to impact United States cross-border purchases of Canadian lumber. Nominal price movements and the U.S. dollar to Canadian dollar exchange rate can also make an impact.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Softwood Lumber, Made from Purchased Lumber, Cut Stock, and Dimension (WPU08110801) from May 2025 to Aug 2025 about stocks, wood, purchase, commodities, PPI, price index, indexes, price, and USA.

In 2023, supplies from abroad of densified wood was finally on the rise to reach 1.7K tons for the first time since 2020, thus ending a two-year declining trend.

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.