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.

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: Softwood Lumber (WPU0811) from Jan 1947 to May 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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 Producer Price Index by Industry: Sawmills: Hardwood Lumber, Made in Sawmills (PCU3211133211131) from Dec 2003 to May 2025 about sawmills, floor coverings, wood, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber was 279.04900 Index 1982=100 in May 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 June of 2025.

Explore the complexities of rough lumber pricing and its volatility in 2023, driven by construction demand, environmental regulations, geopolitical influences, and the impact of the COVID-19 pandemic. Discover how economic, environmental, and political factors interplay to affect raw lumber costs, providing crucial insights for stakeholders in construction, real estate, and manufacturing sectors.

Explore the factors influencing the cost of rough cut red oak lumber, ranging from $3 to $7 per board foot. Learn about market volatility, grading, sustainability, and tips for current pricing insights.

The annual price growth rate of hardwood lumber in the United States fluctuated significantly between 1970 and 2024. During that time, the highest increase was observed in 2021 when hardwood lumber prices increased by 34.9 percent. The producer prices for hardwood lumber fell by 15 percent in 1975.

The global timber raw material market is experiencing robust growth, driven by increasing demand from the construction and furniture industries. The market size in 2025 is estimated at $150 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the ongoing expansion of the residential, commercial, and industrial construction sectors globally fuels the demand for timber as a primary building material. Secondly, the rising popularity of sustainably sourced timber and engineered wood products, coupled with growing awareness of the environmental benefits of using wood over other materials, is contributing to market expansion. Finally, advancements in timber processing technologies are leading to the creation of more durable and versatile wood products, widening their application across various industries. However, the market faces certain restraints. Fluctuations in timber prices due to factors such as weather patterns, forest management practices, and global economic conditions can impact market growth. Sustainability concerns, especially regarding deforestation and illegal logging, remain a significant challenge. Furthermore, competition from alternative building materials, such as concrete and steel, and rising transportation costs pose further hurdles to market expansion. Segment-wise, the residential building application currently holds the largest market share, followed by commercial building. Amongst types, preservative wood and hardwood dominate the market due to their durability and aesthetic appeal. Geographic regions like North America, Europe, and Asia Pacific are key contributors to market revenue, with China and the United States being major consumers. The forecast period of 2025-2033 presents significant opportunities for market players to capitalize on the increasing demand, while simultaneously addressing sustainability concerns and ensuring responsible sourcing practices. This comprehensive report provides a detailed analysis of the global timber raw material market, offering invaluable insights for industry stakeholders, investors, and researchers. The market, valued at approximately $250 billion in 2023, is poised for significant growth, driven by burgeoning construction and increasing demand for sustainable building materials. This report delves into key market segments, regional trends, competitive dynamics, and future growth projections.

Explore the dynamic factors influencing the hardwood lumber market as of 2023, including supply chain disruptions, environmental regulations, economic demand, and geopolitical tensions, leading to regional price fluctuations and market volatility.

Canada Raw Materials Price Index: Wood data was reported at 102.000 2002=100 in Oct 2013. This records an increase from the previous number of 101.900 2002=100 for Sep 2013. Canada Raw Materials Price Index: Wood data is updated monthly, averaging 91.900 2002=100 from Jan 1981 (Median) to Oct 2013, with 394 observations. The data reached an all-time high of 142.000 2002=100 in Jun 1995 and a record low of 48.800 2002=100 in Dec 1982. Canada Raw Materials Price Index: Wood data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I022: Raw Materials Price Index: 2002=100.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Lumber (WPU081) from Jan 1926 to May 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Cut Stock and Dimension (WPU081203) from Dec 1980 to May 2025 about floor coverings, stocks, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

Throughout the timeline, hard sawn wood has had higher prices than any other type of timber. In 2023, its price amounted to *** U.S. dollars per cubic meter, which is twice higher than that of hard timber logs. During that period, hard logs were the cheapest type of timber at approximately *** U.S. dollars per cubic meter. Meanwhile, lumber prices in the U.S. have fluctuated a lot since February 2020.

Explore the factors influencing the fluctuating prices of rough cut pine lumber in 2023, including market demand, supply chain logistics, environmental policies, and more.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Flooring, Other Than Oak and Maple was 148.43700 Index Dec 2011=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Flooring, Other Than Oak and Maple reached a record high of 153.88900 in March of 2023 and a record low of 99.60000 in February of 2012. 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 Flooring, Other Than Oak and Maple - last updated from the United States Federal Reserve on June 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.

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...

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.