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.

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.

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.

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.

Most timber is ultimately used in downstream residential construction markets. Declines in residential construction from a 2021 peak have hurt timber tract operators, as high inflation led to increased interest rates and less demand for new construction. Despite a housing shortage, housing starts fell in 2022 and 2023, creating less need for lumber and causing timber prices to fall from their 2021 levels. This has caused revenue to fall at a CAGR of 3.2% to $1.0 billion in 2025. However, the Federal Reserve has started to cut interest rates and residential construction declines have slowed. This has led to a smaller revenue contraction of 0.4% in 2025. Profit growth in recent years as wood prices have remained elevated above pre-pandemic levels, though they reached a peak in 2021 and have been on the downswing since. When lumber prices began to fall, many small timber tract operators were forced out of the industry. Although small operations still account for the bulk of participation, timber holdings have also increasingly been purchased by institutional investors who seek the highest possible return on the land. This can include sales to real estate developers and could constrain the US timber supply moving forward. Additionally, forestland devastation caused by forest fires has the potential to disrupt the industry. The timber services industry revenue will rise slightly over the coming years. As interest rates fall and construction activity resumes, the price of sawmill timber is expected to grow and strengthen returns. Meanwhile, many wood product manufacturing industries will begin to experience falling import penetration as the value of the US dollar declines, supporting demand for industry services. Construction will likely remain the largest downstream market for timber. Revenue is projected to rise at a CAGR of 1.0% to $1.1 billion over the five years to 2030.

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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?

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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.

This lumber pallet mark

The price of wood saw record-high growth in 2021, contributing to industry expansion as demand surged from the booming housing market stimulated by historically low mortgage rates. The key materials in this industry—such as round or hewn wood products, rough and dressed softwood lumber and various types of veneer and plywood—are sensitive to price fluctuations, which directly impact industry revenue. Pandemic-induced supply chain disruptions further exacerbated the issue by limiting the wood supply, leading to unprecedented price increases and profit volatility. However, as mortgage rates climbed by more than double in the latter half of the current period, residential construction slowed, curbing demand for wood products and resulting in industry contraction when wood prices plummeted in 2023. As the industry looks toward 2024, revenue is anticipated to contract due to decreased housing market demand. Despite a rise in lumber prices throughout 2024, prices are expected to remain below 2023 levels, contributing to reduced industry revenue. This decline in lumber prices on an annual basis is linked to a drop in new housing starts and increased housing inventory within the US construction sector. Factors such as higher financing costs, elevated mortgage rates and shortages of both labor and land have contributed to the reduction in housing starts. Despite the projected 1.2% decline in 2024, revenue is projected to grow at a CAGR of 0.4% to reach $28.8 billion this year. Projected declines in mortgage rates are expected to stimulate residential construction, subsequently increasing demand for wood panels. Growth in the housing market will contribute to industry growth, which is anticipated to be in the low-single-digit range over the outlook period, in line with historical trends. This growth projection assumes stable prices for input materials, as any significant fluctuations could substantially impact revenue. Additionally, competition from imported goods is expected to decline due to a combination of factors, including exchange rates and tariffs on imports. Overall, industry revenue is projected to increase at a CAGR of 1.7% to reach $31.3 billion by 2029.

The Myanmar's market for wood chips, particles and residues declined slightly to $X in 2021, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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. 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.

During the review period, Densified Wood exports reached a peak of 44K tons in 2021. However, from 2022 to 2023, exports stayed at a lower level. In terms of value, exports of Densified Wood decreased to $17M in 2023.

The cost of manufacturing softwood veneer and plywood has fluctuated significantly during the past years in the United States, with its index value falling to 301.5 in August 2024. The price of this product peaked in June 2021 at 702.5, only to fall to 302 in September of that year. 1982 is the date used as a reference point, in which the index value was fixed at 100.

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.

In 2021, the Venezuelan market for wood chips, particles and residues decreased by X% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

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The furniture wood coatings market share is expected to increase by USD 1.66 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 5.88%.

This furniture wood coatings 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 furniture wood coatings market segmentations by technology (solvent-borne, water-borne, radiation-cured, and powder coating) and geography (APAC, Europe, North America, South America, and MEA). The furniture wood coatings market report also offers information on several market vendors, including Akzo Nobel NV, Arkema SA, Ashland Global Holdings Inc., Asian Paints Ltd., Axalta Coating Systems Ltd., BASF SE, Jotun AS, PPG Industries Inc., RPM International Inc., and The Sherwin-Williams Co. among others.

What will the Furniture Wood Coatings Market Size be During the Forecast Period?

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Furniture Wood Coatings Market: Key Drivers, Trends, and Challenges

The increased demand for application on medium-density fiber products is notably driving the furniture wood coatings market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the furniture wood coatings industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Furniture Wood Coatings Market Driver

The increased demand for application on medium-density fiber products is a major factor driving the global furniture wood coatings market share growth. Medium-density fiber (MDF) is an engineered wood product. It is obtained when high temperature and pressure are applied to break down hardwood and softwood residues into wood fibers. Vendors and end-users of MDF prefer furniture wood coatings over other coating products, such as paints, led by higher durability and reliability and faster setting time as well as good product performance and quality finish on MDF products. Furniture wood coatings used on MDF prevent the yellowing of wood products and protect them from UV light, chemicals, and other harmful substances. MDF products are mainly used in the production of office, home, and hospital furniture. With the increasing demand for office and home furniture, coupled with demand for furniture in hospitals, hotels, and other commercial purposes, the consumption of MDF will increase, which would directly promote the growth of the global furniture wood coatings market. Thus, economic advantages, high operational efficiency, and good product performance are expected to drive the application of furniture wood coatings on MDF and, thus, the market growth during the forecast period.

Key Furniture Wood Coatings Market Trend

The increasing product launches and capacity expansions is another factor supporting the global furniture wood coatings market share growth. Strategic initiatives such as product launches, expansions, and joint ventures can significantly increase the customer base and, thus, promote the growth of the global furniture wood coatings market. The leading vendors in the market constantly innovate and invest in the market. The increased product launches and diversified product portfolio as a result of constant innovation increase the customer base and ultimately the revenues, which would help vendors improve their profit margins. New product launches and product portfolios enable manufacturers to increase their global presence and achieve economies of scale in the manufacturing of products. For instance, in August 2017, DowDuPont launched Silicone Slip Additive for Waterborne Wood Coatings with superior benefits such as abrasion resistance and anti-blocking performance. Therefore, such factors will positively influence the growth of the market.

Key Furniture Wood Coatings Market Challenge

The stringent regulations and policies will be a major challenge for the global furniture wood coatings market share growth during the forecast period. Manufacturers in various industries focus on using environment-friendly materials that cause minimum or zero harmful emissions to ensure compliance with the stringent regulations imposed by the European Commission and federal government agencies. Guidelines and directives implemented by regulatory bodies, such as the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH), can hamper the demand for furniture wood coatings. In Europe, the Paints Directive 2004/42/EC prescribes 40 gram/liter concentration of VOCs in solvent-based wood coatings. Such string

This statistic illustrates consumption, production, prices, and trade of wood marquetry and inlaid wood; caskets and cases for jewellery or cutlery, and similar articles of wood; statuettes and other ornaments of wood; wooden articles of furniture not falling in chapter 94 in Angola from 2007 to 2021

The import value of wood pellets reached *** billion U.S. dollars in 2024. This was down from *** billion U.S. dollars worth in imports recorded in 2021. Wood pellets are made from compressed sawdust and have a greater combustion efficiency than wood logs, making them a highly desirable biofuel. The European Union is the greatest consumer of wood pellets.

After two years of decline, the Serbian densified wood market increased by 0.2% to $8.2M in 2024. The market value increased at an average annual rate of +1.1% from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $9.4M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

In 2024, the Swedish preservative-treated rough wood market decreased by -6% to $4.7M, falling for the third year in a row after four years of growth. Over the period under review, consumption saw a perceptible decline. Over the period under review, the market attained the peak level at $8.5M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.