Lumber rose to 626.15 USD/1000 board feet on June 27, 2025, up 1.30% from the previous day. Over the past month, Lumber's price has risen 7.30%, and is up 38.97% 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 June of 2025.

Canada's production of softwood and hardwood lumber has been decreasing between 2017 and 2024. In general, there were lots of fluctuations in the amount of lumber produced within each single year, with December usually having the lowest production figures. In March 2024, there were 4.8 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.

This table contains 30 series, with data for years 1961 - 2001 (not all combinations necessarily have data for all years), and was last released on 2001-10-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (8 items: Atlantic Region; Ontario; Quebec; Prairie Region ...), Commodities (9 items: Lumber; softwood; Lumber; softwood; Douglas fir; Lumber; softwood; spruce-pine-fir; Lumber; softwood; hemlock ...).

The industry has faced global lumber price volatility, creating challenging conditions for wholesalers and 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. However, construction activity has since slowed, tempering demand from downstream markets. With industry revenue forecast to decline 0.2% in 2024 alone, the overall industry is expected to expand at a CAGR of 1.8% to $15.6 billion over the five years to 2024. The fate of wholesalers has largely been tied to the volatility of downstream construction markets. The COVID-19 pandemic supercharged demand, especially as the Federal Reserve lowered interest rates to stimulate the housing market in the United States. However, construction activity has since been pressured as the Federal Reserve and the Bank of Canada have raised interest rates to combat inflation, contributing to the sharp decline in lumber prices. In 2024, the Bank of Canada began to cut rates, and the Federal Reserve is set to follow suit. Cumulatively, volatile lumber demand, seesawing prices and the imposition of duties have driven down profit margins across the industry. Lumber wholesalers are expected to see growth moving forward. Currently heightened 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. Consequently, industry revenue is forecast to expand at a CAGR of 2.1% to $17.3 billion over the five years to 2029.

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.

Interactive chart of historical daily lumber prices back to 1972. The price shown is in U.S. Dollars per thousand board feet.

Graph and download economic data for Import Price Index: Sawmills and wood preservation for Canada (COCANZ3211) from Jun 2012 to Dec 2020 about sawmills, preservation, wood, Canada, imports, price index, indexes, and price.

The recent housing market cycle has driven the sawmill and wood production industry’s performance. Initially, the surge in residential construction and renovation in Canada and the US in 2021, spurred by low interest rates and high disposable incomes, drove significant demand for softwood lumber, leading to a 43.5% jump in revenue for industry mills. However, rising interest rates in 2022 cooled housing demand, causing a significant drop in lumber prices and revenue. In 2024, the industry faced ongoing challenges due to rising costs, tariffs and reduced demand, with major companies like West Fraser and Canfor reporting losses and closing mills to correct the supply-demand imbalance for lumber. The longstanding Canada-US trade dispute over softwood lumber continues, with tariffs raised to 14.54% in 2024, prompting Canada to file legal challenges. Further increases are expected to be implemented in 2025. The industry is grappling with the impacts of severe wildfires that hinder mill operations and access to timber resources, further exacerbating economic difficulties. As a result, over the past five years, revenue has fallen at an estimated annualized rate of 4.0% to $18.8 billion through the end of 2025, with low growth of 1.6% forecast for the current year. Future performance will depend on the US and Canadian housing markets, which are facing challenges relating to home affordability. Tariffs from the ongoing softwood lumber dispute between the US and Canada will continue to affect industry sawmills, prompting companies to adapt by improving efficiency or relocating facilities. Market conditions are pushing major lumber players to consolidate operations, with some acquiring mills in the US to bypass tariffs. Natural threats like wildfires and wood-boring insects pose ongoing risks to log supplies essential for sawmill operations. Over the next five years, industry revenue is forecast to grow at a CAGR of 1.7% to $20.5 billion through the end of 2030.

Canada IPPI: NAPCS: Lumber & Other Wood Pdts (LP) data was reported at 142.200 2010=100 in Sep 2020. This records an increase from the previous number of 133.800 2010=100 for Aug 2020. Canada IPPI: NAPCS: Lumber & Other Wood Pdts (LP) data is updated monthly, averaging 104.900 2010=100 from Jan 1981 (Median) to Sep 2020, with 477 observations. The data reached an all-time high of 142.200 2010=100 in Sep 2020 and a record low of 58.900 2010=100 in Nov 1981. Canada IPPI: NAPCS: Lumber & Other Wood Pdts (LP) data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I011: Industrial Product Price Index: NAPCS 2012: 2010=100.

Get the latest insights on price movement and trend analysis of Softwood Lumber meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This table contains 178 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (180 items: Lumber and other wood products; Lumber and ties; Lumber and timber; Lumber and ties; hardwood ...).

Wood Pulp Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

Industrial product price indexes for lumber, sawmill and other wood products, furniture and furniture fixtures, paper and paper products, printing and publishing industries

IPPI: Intermediate: Goods: First Stage: Lumber & Other Wood data was reported at 102.300 2002=100 in Oct 2013. This records an increase from the previous number of 102.100 2002=100 for Sep 2013. IPPI: Intermediate: Goods: First Stage: Lumber & Other Wood data is updated monthly, averaging 103.900 2002=100 from Jan 1986 (Median) to Oct 2013, with 334 observations. The data reached an all-time high of 184.800 2002=100 in Oct 1995 and a record low of 76.200 2002=100 in Jan 1986. IPPI: Intermediate: Goods: First Stage: Lumber & Other Wood data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I016: Industrial Product Price Index: 2002=100.

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).

This table contains 30 series, with data for years 1961 - 2001 (not all combinations necessarily have data for all years), and was last released on 2001-10-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (8 items: Atlantic Region; Ontario; Quebec; Prairie Region ...), Commodities (9 items: Lumber; softwood; Lumber; softwood; Douglas fir; Lumber; softwood; spruce-pine-fir; Lumber; softwood; hemlock ...).

The Canadian wood pulp market skyrocketed to $5.3B in 2024, growing by 45% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market hit record highs at $9.8B in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

This table contains 179 series, with data for years 1956 - 2010 (not all combinations necessarily have data for all years), and was last released on 2010-09-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (181 items: Lumber and other wood products; Lumber and timber; Lumber and ties; hardwood; Lumber and ties ...).

This table contains 179 series, with data for years 1956 - 2001 (not all combinations necessarily have data for all years), and was last released on 2001-10-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (179 items: Lumber; sawmill; other wood products; Lumber and timber; Lumber and ties; hardwood; Lumber and ties ...).

This table contains 178 series, with data for years 1956 - 2013 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), Commodities (180 items: Lumber and other wood products; Lumber and ties; Lumber and timber; Lumber and ties; hardwood ...).