Lumber fell to 652.50 USD/1000 board feet on August 8, 2025, down 0.15% from the previous day. Over the past month, Lumber's price has risen 6.32%, and is up 24.25% 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 August 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.

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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPS081) from Jan 1967 to Jun 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Lumber market size will be 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 emphas...

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.

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

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.

Timber prices in the United Kingdom fell in 2023, after having risen at a fast pace in 2021 and 2022. The price index of imported sawn or planed wood grew from 132 in 2020 to 195.6 in 2022. Meanwhile, the cost of imported plywood have increased less sharply, and therefore also had a smaller fall.

The revenue of the spruce wood market in Middle East amounted to $X in 2017, going up by X% against the previous year. The spruce wood consumption continues to indicate a strong expansion. The pace of growth was the most pronounced in 2008, when market value increased by X% year-to-year. Over the period under review, the spruce wood market attained its peak figure level in 2017, and is likely to continue its growth in the near future.In 2017, approx.

The revenue of the spruce wood market in Australia and Oceania amounted to $X in 2017, going up by X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2014, when market value increased by X% year-to-year.

Most timber is ultimately used in downstream residential construction markets. Declines in residential construction have hurt industry companies, as high inflation has 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 plummet. As a result, industry revenue has fallen at a CAGR of 1.5% to $1.1 billion in 2024. However, with interest rates expected to fall by the end of 2024, residential construction is expected to pick back up, leading to an estimated 0.6% revenue increase in 2024. Rising wage costs tempered profit growth in recent years. At the same time, rising lumber prices immediately following the pandemic led to new entrants entering the industry, particularly nonemployers. However, when lumber prices began to fall, many of these new nonemployers were forced out of the industry. Although small operations still account for the bulk of industry participants, 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 will be expected to grow and strengthen industry 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. Industry revenue is projected to rise at a CAGR of 1.2% to $1.2 billion over the five years to 2029.

Crown timber charges are composed of:

1. stumpage price
2. Forestry Futures Trust charge
3. Forest Renewal Trust charge

The stumpage price is made up of 3 components:

1. minimum price: adjusted annually and set by species and product sector on April 1 of each year
2. residual value price: adjusted monthly and varies based on market prices of product sectors and species
3. administration: $1.00/cubic metre for trees exported outside Canada for manufacturing

Stumpage prices (minimum and residual value) are calculated by using the Ontario Crown Timber Prices (Stumpage) monthly tables.

The licensee or Agent for the Crown is responsible for paying Crown charges.

The Forestry Futures Trust provides funding to renew forest areas affected by natural disasters like fire, blowdown or disease. Funding could also be provided in the event of an insolvency of a major licensee.

The Forest Renewal Trust charge provides dedicated funding for forest renewal. This charge, which is set annually, varies depending upon anticipated renewal costs.

In 2017, the amount of spruce wood imported into Ireland stood at X cubic meters, going up by X% against the previous year. Overall, the total imports indicated a slight expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the spruce wood imports increased by +X% against 2013 indices.

Fire Retardant Treated Timber Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

Global Fire Retardant Treated Timber Market Drivers

The market drivers for the Fire Retardant Treated Timber Market can be influenced by various factors. These may include:

Building codes and regulatory standards: Tighter building codes and regulations requiring the use of fire-resistant materials in construction are a major motivator. Utilizing treated wood that has been fire retardant is frequently necessary to comply with these regulations.

Growing Awareness of Fire Safety: Demand for fire retardant treated wood is driven by rising awareness of fire safety and the need to save lives and property. This is particularly important in places where there is a high risk of wildfires or in crowded urban settings.

Global Fire Retardant Treated Timber Market Restraints

Several factors can act as restraints or challenges for the Fire Retardant Treated Timber Market. These may include:

Cost considerations: The price of wood may go up if it is treated with fire retardants. Some customers might be turned off by this additional cost, particularly in markets where prices are crucial or for projects with tight budgets.

Regulatory Difficulties: Depending on the location, adhering to different building codes and standards can be difficult. Manufacturers and suppliers may encounter difficulties as a result of regulatory changes or stricter standards.

Wood product sales are heavily dependent on the level of construction activity. Revenue has inched up over the past five years, lifted mainly by a surge in timber prices in 2022. Technological advances, new products such as cross-laminated timber and government support for residential construction activity have also propped up revenue. However, manufacturers have been challenged by high competition from imports and substitute products, including manufactured wood such as plywood. Revenue is expected to rise at a compound annual rate of 1.3% over the five years through 2025-26 to £2.4 billion. Sawmills saw their revenue plummet in 2022-23, driven by numerous factors. Firstly, activity in the construction sector (the biggest user of sawmills’ products) faltered due to high interest rates and low consumer confidence. At the same time, timber prices plunged in 2023, following their 2022 spike, because of excess supply and a decline in global demand. This reduced the value of sawmills and wood planing companies’ products, lowering revenue. Intense import competition, rising cost pressures and a lower revenue base ate into profit. However, timber prices stabilise as construction demand becomes more consistent, creating stronger market conditions. This is expected to drive a 2.7% hike in revenue in 2025-26. Revenue is forecast to rise at a compound annual rate of 4.1% over the five years through 2030-31 to £2.9 billion. Heightened construction activity, supported by government backing through programmes, like the Plan for Change, which includes a target to build 1.5 million new homes by 2029, is forecast to boost orders of wood products in the coming years. Furniture manufacturing activity is also expected to increase as Britons working from home look to make their home environments more attractive, further propelling demand for wood products. Although plans to increase domestic woodlands, exemplified in the government's Timber in Construction Roadmap, across the UK will reduce reliance on timber imports, this will likely take many years, with import competition likely to continue to limit UK sawmills’ sales in the short term.

The global naturally rot-resistant wood market is experiencing robust growth, projected to reach $218.1 million in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 7.7% from 2025 to 2033. This expansion is driven by several key factors. The increasing demand for sustainable and eco-friendly building materials is a primary driver, as naturally rot-resistant wood offers a renewable alternative to treated lumber and other synthetic options. Furthermore, the rising construction activity globally, particularly in commercial and civil building sectors, fuels market growth. The inherent durability and longevity of naturally rot-resistant wood, reducing maintenance costs and extending the lifespan of structures, also contribute to its increasing appeal. Specific wood types known for their natural resistance, such as cedar, redwood, and certain tropical hardwoods, are key components of this market. The market segmentation reveals strong demand across various applications, with commercial and civil buildings representing significant portions of the market share. This indicates the material's suitability for a wide range of construction projects. However, challenges remain. The cost of naturally rot-resistant wood can be higher than that of conventionally treated lumber, potentially limiting adoption in cost-sensitive projects. Moreover, the availability of certain species of naturally rot-resistant wood can be geographically constrained, affecting supply and potentially driving up prices in specific regions. Nevertheless, ongoing research and development efforts focused on enhancing the durability of readily available wood species and exploring alternative sustainable treatment methods are expected to mitigate some of these challenges and further boost market growth in the coming years. The emergence of innovative processing techniques that improve the stability and dimensional properties of this wood will play a crucial role in overcoming these constraints and driving wider adoption. The geographical distribution showcases a diverse market landscape, with North America and Europe anticipated to hold significant shares initially, while Asia-Pacific is poised for strong future growth due to increasing construction activities and infrastructure development in the region.

Graph and download economic data for Producer Price Index by Commodity: Pulp, Paper, and Allied Products: Wood Pulp (WPU091105) from Jun 2006 to Jun 2025 about wood, paper, commodities, PPI, inflation, price index, indexes, price, and USA.

Kraft Pulp rose to 5,140 CNY/T on August 11, 2025, up 2.59% from the previous day. Over the past month, Kraft Pulp's price has fallen 1.12%, and is down 9.32% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Kraft Pulp.

The revenue of the chipped coniferous wood market in Nigeria amounted to $X in 2018, going up by X% against the previous year. Overall, chipped coniferous wood consumption continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Chipped coniferous wood consumption peaked in 2018 and is expected to retain its growth in the immediate term.