Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Plywood (WPU083) from Jan 1947 to Aug 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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 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.

In 2020, American plywood imports grew by +15% y-o-y to 5.4M or by +7.7% to $2.9B in value terms, reaching a record level over the past decade. Vietnam, Brazil and Canada constitute the major plywood suppliers to the U.S., with a combined 41%-share of the total imports. Last year, Cambodia, Indonesia, Brazil, Vietnam, Chile, Canada and Russia saw the most rapid increases in plywood exports to the U.S. In 2020, the average plywood import price in America dropped by -6.7% against the figures of 2019.

The Russian plywood market shrank to $1.2B in 2024, with a decrease of -11.7% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2024: its value increased at an average annual rate of +1.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +55.4% against 2020 indices.

After three years of growth, the Italian plywood market decreased by -10.5% to $470M in 2024. In general, the total consumption indicated a notable increase from 2012 to 2024: its value increased at an average annual rate of +3.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +85.5% against 2020 indices.

The revenue of the plywood market in the Middle East amounted to $1.4B in 2018. Driven by increasing demand for plywood in the Middle East, the market is expected to continue an upward consumption trend over the next decade.

Timber prices in the United Kingdom fell slightly in 2024, after those prices decreased significantly in 2023. The price index of imported sawn or planed wood grew by ***** percent between 2020 and 2022, while the cost of imported plywood rose by ** percent during that period.

Building materials made of steel, copper and other metals had some of the highest price growth rates in the U.S. in the first half of 2025 in comparison to the previous year. The growth rate of the cost of several construction materials was slightly lower than in late 2024. It is important to note, though, that the figures provided are Producer Price Indices, which cover production within the United States, but do not include imports or tariffs. This might matter for lumber, as Canada's wood production is normally large enough that the U.S. can import it from its neighboring country. Construction material prices in the United Kingdom Similarly to these trends in the U.S., at that time the price growth rate of construction materials in the UK were generally lower 2024 than in 2023. Nevertheless, the cost of some construction materials in the UK still rose that year, with several of those items reaching price growth rates of over **** percent. Considering that those materials make up a very big share of the costs incurred for a construction project, those developments may also have affected the average construction output price in the UK. Construction material shortages during the COVID-19 pandemic During the first years of the COVID-19 pandemic, there often were supply problems and material shortages, which created instability in the construction market. According to a survey among construction contractors, the construction materials most affected by shortages in the U.S. during most of 2021 were steel and lumber. This was also a problem on the other side of the Atlantic: The share of building construction companies experiencing shortages in Germany soared between March and June 2021, staying at high levels for over a year. Meanwhile, the shortage of material or equipment was one of the main factors limiting the building activity in France in June 2022.

The CIS plywood market shrank to $1.4B in 2024, which is down by -11.9% against the previous year. The total consumption indicated slight growth from 2012 to 2024: its value increased at an average annual rate of +1.1% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +48.2% against 2020 indices.

Exports: Price: Transformation Industry: Veneers, Plywood, Agglomerates, and Other Wood, Worked data was reported at 518.926 USD/Ton in 30 Apr 2025. This records an increase from the previous number of 518.311 USD/Ton for 27 Apr 2025. Exports: Price: Transformation Industry: Veneers, Plywood, Agglomerates, and Other Wood, Worked data is updated daily, averaging 517.719 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 263 observations. The data reached an all-time high of 877.981 USD/Ton in 25 Jul 2021 and a record low of 351.692 USD/Ton in 31 Jan 2020. Exports: Price: Transformation Industry: Veneers, Plywood, Agglomerates, and Other Wood, Worked data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA004: Exports: Economic Activity: Product: Price.

In 2024, the Myanmar's plywood market decreased by -4.7% to $78M, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a pronounced increase. Plywood consumption peaked at $89M in 2019; however, from 2020 to 2024, consumption remained at a lower figure.

The revenue of the plywood market in Cyprus amounted to $X in 2018, growing by X% against the previous year. In general, plywood consumption continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the plywood market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

The wood-based materials manufacturing industry has experienced an ambivalent business period over the past five years. In 2020, the outbreak of the coronavirus pandemic initially significantly reduced demand from the furniture industry, before a substantial increase in demand for wood-based materials emerged in late 2020, which temporarily exceeded the available supply. As a result, industry players were able to pass on cost increases for primary products and energy to their customers in the period from 2020 to 2022. However, the very positive trend in demand, which was due to the revival in furniture production and high demand from the construction industry, came to an end in the course of 2022 with the turnaround in interest rates in the European economic area and the deterioration in consumer sentiment. Since then, subdued demand from the furniture and construction industries has had a negative impact on earnings and sales in the sector. The flooring and laminate segment in particular was characterised by major overcapacity. Overall, industry sales fell at an average rate of 1.5% per year between 2020 and 2025.In 2025, industry turnover is expected to amount to 6.4 billion euros, which corresponds to a decline of 2.1% compared to the previous year. The slowdown in the decline in demand from the furniture and construction industries, which was already observed in 2024, is likely to continue in the current year. However, this development is unlikely to change the existing situation in the engineered wood industry, which is dominated by a few large, internationalised corporate groups. Manufacturers will be forced to achieve a high degree of operational efficiency in order to survive on the market due to persistently high price competition.The future development of wood-based panel manufacturers' sales will primarily depend on the extent to which the industry can align its product portfolio with changing requirements in terms of materiality and sustainability and provide innovative solutions for its customers. Sales growth in the industry is expected to be restrained in the coming years. However, new applications in the construction industry should ensure a solid sales base for innovative industry products. In the period from 2025 to 2030, IBISWorld expects an average annual increase in turnover of 1.1% and total industry turnover of 6.8 billion euros in 2030.

Brazil Exports: Price: YoY: Daily Average: Transformation Industry: Veneers, Plywood, Agglomerates, and Other Wood, Worked data was reported at 1.776 % in 30 Apr 2025. This records an increase from the previous number of 1.655 % for 27 Apr 2025. Brazil Exports: Price: YoY: Daily Average: Transformation Industry: Veneers, Plywood, Agglomerates, and Other Wood, Worked data is updated daily, averaging 0.448 % from Apr 2020 (Median) to 30 Apr 2025, with 244 observations. The data reached an all-time high of 132.214 % in 25 Jul 2021 and a record low of -33.540 % in 10 Jul 2022. Brazil Exports: Price: YoY: Daily Average: Transformation Industry: Veneers, Plywood, Agglomerates, and Other Wood, Worked data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA007: Exports: Economic Activity: Product: Price: Year-on-Year.

Content

This dataset comprises of prices and price % change for coarse wool, copra, cotton, fine wool, hardlog, hard sawnwood, hide, plywood, rubber, softlog, soft sawnwood and wood pulp.

Acknowledgements

Data is sourced from Indexmundi

In 2024, the Sudanese plywood market increased by 28% to $3.5M for the first time since 2020, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market attained the peak level at $6.5M in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

Engineered wood manufacturers develop laminated veneer lumber and other engineered wood members. New home construction is the industry's largest market and demand largely depends on the number of new housing starts and private spending on home improvements, both of which grew from 2020 to 2022, enabling manufacturers to thrive because of healthy downstream demand, revenue spiked 43.6% in 2021 alone. However, more recently, high interest and mortgage rates have stunted housing starts and home renovation expenditures, causing revenue to drop in 2023 and 2024. Overall, revenue has gained at a CAGR of 6.8% through the end of 2025 and is expected to total $4.1 billion in 2025, when revenue will climb by an estimated 2.4%. Profit has also increased because of declining wage and purchase costs. The industry is witnessing increasing competition from imports, which made up nearly 32.0% of domestic demand in 2025, a significant gain from 29.6% in 2020. Notably, imports from Brazil and Vietnam have surged because of lower production costs attributed to readily available timber and lower wages. However, many international competitors can't match the high-quality products of US manufacturers who use advanced technology and skilled labor. A trade-off occurs among domestic manufacturers, who find it challenging to compete and are exiting the industry. A rebound in housing starts will occur from 2025 to 2029, driven by anticipated mortgage and interest rate reductions, which should stimulate demand for new housing construction and engineered wood products. Despite this optimistic prediction, growth may remain moderate because of the likely maintained mortgage rates above the 5.0% threshold. Demand for fire-retardant engineered wood products is expected to surge, primarily in wildfire-prone areas like California, creating a potential growth area for manufacturers. The industry's competitive landscape will change because of increased tariffs on imported Canadian softwood lumber and a foreseeable depreciation of US dollar strength, making imports more expensive. Industry revenue will climb at a CAGR of 1.0% to $4.3 billion in 2030.

Canada IPPI: NAICS: Mfg: Wood Pdt: Veneer, Plywood & Engineered Wood Pdt data was reported at 138.700 2010=100 in Sep 2020. This records an increase from the previous number of 135.400 2010=100 for Aug 2020. Canada IPPI: NAICS: Mfg: Wood Pdt: Veneer, Plywood & Engineered Wood Pdt data is updated monthly, averaging 113.500 2010=100 from Jan 1992 (Median) to Sep 2020, with 345 observations. The data reached an all-time high of 166.700 2010=100 in Apr 2004 and a record low of 83.800 2010=100 in Jan 1992. Canada IPPI: NAICS: Mfg: Wood Pdt: Veneer, Plywood & Engineered Wood Pdt data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I014: Industrial Product Price Index: NAICS 2012: 2010=100.