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.

Lumber increased 124.05 USD/1000 board feet or 22.55% since the beginning of 2025, 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 March of 2025.

Building materials made of copper had some of the highest price growth rates in the U.S. in December 2024 in comparison to the previous year. The growth rate of the cost of many construction materials was much lower than in 2023. 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 the inflation trends in the U.S. at that time, the price growth rate of construction materials in the UK were generally lower 2023 than in 2022. Nevertheless, the cost of some construction materials in the UK still soared that year, with several of those items reaching price growth rates of over 10 or even of over 14 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.

European Union PPI: Do: EU 27 excl UK: Mfg: ME: Agricultural & Forestry data was reported at 119.600 2021=100 in Dec 2024. This records an increase from the previous number of 119.000 2021=100 for Nov 2024. European Union PPI: Do: EU 27 excl UK: Mfg: ME: Agricultural & Forestry data is updated monthly, averaging 86.000 2021=100 from Jan 2000 (Median) to Dec 2024, with 300 observations. The data reached an all-time high of 120.300 2021=100 in May 2024 and a record low of 65.900 2021=100 in Jan 2000. European Union PPI: Do: EU 27 excl UK: Mfg: ME: Agricultural & Forestry data remains active status in CEIC and is reported by Eurostat. The data is categorized under Global Database’s European Union – Table EU.I007: Eurostat: Producer Price Index: 2021=100: Domestic.

According to Cognitive Market Research, the global commercial carpentry market size and will expand at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030.

The demand for Commercial Carpentry is rising due to construction trends, sustainability efforts, technological progress, and the continuous demand for unique and visually appealing interiors in commercial spaces.
Demand for professional-grade remains higher in the Commercial Carpentry market.
The construction & decoration category held the highest Commercial Carpentry market revenue share in 2023.
North American Carpentry market will continue to lead, whereas the Asia Pacific Commercial Carpentry market will experience the most substantial growth until 2030.

Surge in Commercial Construction Projects to Provide Viable Market Output

The Commercial Carpentry market is driven by a surge in commercial construction projects worldwide. As urbanization and population growth persist, the demand for commercial spaces such as offices, retail establishments, and hospitality venues has increased. This trend propels the need for specialized carpentry services to create functional and aesthetically pleasing interiors. The growing number of commercial real estate developments, including renovations and expansions, acts as a key driver for carpentry services, stimulating market growth.

In July 2021, Modulaire Group, a worldwide supplier of modular spaces and business areas, purchased Procomm Site Service Ltd., a company that offers portable, modular accommodation in Europe. This acquisition enables Modulaire Group to enhance its market position in Europe.

(Source:www.modulairegroup.com/news/modulaire-group-continues-strengthen-its-presence-uk-acquisition-procomm)

Focus on Sustainable and Innovative Carpentry Solutions to Propel Market Growth

Another pivotal driver in the Commercial Carpentry market is the industry's increasing emphasis on sustainable and innovative solutions. With rising awareness of environmental impact and a growing preference for eco-friendly practices, carpentry services are evolving to incorporate sustainable materials, energy-efficient designs, and innovative construction techniques. Companies in the market are aligning themselves with green building standards and certifications, catering to a market segment that values environmentally conscious practices. This shift not only meets regulatory requirements but also appeals to clients seeking modern and sustainable carpentry solutions.

In January 2021 Etex Group revealed that it had obtained a controlling interest in e-Loft. The French offsite construction firm specializes in three modular sectors: single-family modular homes, modular multifamily residential complexes, and custom-designed buildings utilizing 3D wood technology. The acquisition is anticipated to enhance Etex Group's modular construction operations.

(Source:www.etexgroup.com/en/news/106224/)

Increasing demand for modern and unique furniture will drive market demand

Market Dynamics of Commercial Carpentry

Cost Fluctuations in Raw Materials to Restrict Market Growth

The significant restraint is the volatility in raw material costs. The commercial carpentry industry heavily relies on materials such as lumber, plywood, and other wood products. Fluctuations in the prices of these raw materials can significantly impact profit margins for carpentry businesses. Economic uncertainties, changes in global supply chains, and environmental factors affecting wood production contribute to this challenge. Carpenters and construction firms must navigate these unpredictable costs, making it challenging to maintain stable pricing and profitability.

Impact of COVID–19 on the Commercial Carpentry Market

The COVID-19 pandemic significantly impacted the commercial carpentry market, causing disruptions in supply chains, project delays, and shifts in consumer behavior. Lockdowns and restrictions on construction activities during the early stages of the pandemic led to project postponements and a decline in new construction projects. The economic uncertainties prompted businesses to reassess their budgets, resulting in a cautious approach to capital expenditures, affecting demand for commercial carpentry services. However, as the industry adapted to new safety protocols and remote working practices, there was a gradual recovery. Introduction of Commercial Ca...