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.

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.

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Cross Laminated Timber Market Size 2025-2029

The cross laminated timber market size is forecast to increase by USD 4 billion, at a CAGR of 20.5% between 2024 and 2029.

The Cross Laminated Timber (CLT) market is experiencing significant growth due to key trends in the real estate and construction sectors.The demand for sustainable and eco-friendly building solutions is fueling the adoption of CLT, as it offers numerous benefits, including reduced carbon footprint, faster construction times, and improved structural performance. However, the market faces challenges due to the volatility of raw material prices. Forestry management plays a crucial role in the CLT value chain, and fluctuations in timber prices can significantly impact the market's dynamics.
Producers and manufacturers must navigate this challenge by implementing effective supply chain strategies and exploring alternative raw material sources to mitigate price risks and ensure consistent product quality. Companies that successfully address these challenges and capitalize on the growing demand for sustainable building solutions are poised to thrive in the evolving CLT market landscape.

What will be the Size of the Cross Laminated Timber Market during the forecast period?

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The cross laminated timber (CLT) market continues to evolve, driven by advancements in kiln drying technology, structural engineering, and design software. These innovations enable CLT to offer superior thermal performance, fire safety, and structural integrity, making it a viable option for various sectors. Industrial construction and commercial projects are increasingly adopting CLT for its strength-to-weight ratio and industrial-scale production capabilities. Construction management teams value CLT's prefabricated nature and modular construction possibilities. In the realm of sustainability, CLT's embodied carbon is a significant consideration. Forest management practices, chain of custody, and carbon sequestration are essential aspects of CLT's environmental impact.

Wood adhesives, tensile strength, and fire resistance are crucial components in ensuring the quality and safety of CLT structures. Building codes and regulations continue to evolve to accommodate CLT's unique properties. Seismic performance, acoustic performance, insect protection, and moisture control are essential considerations in the design and construction of CLT structures. Steel connections, shear strength, and thermal insulation are other essential factors in the structural engineering of CLT buildings. As the market matures, the focus on CLT's durability, moisture resistance, and industrial production capabilities will continue to shape its applications and growth. The continuous development of engineered wood products and the optimization of the supply chain will further fuel the market's dynamism.

How is this Cross Laminated Timber Industry segmented?

The cross laminated timber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Non-residential
  Residential


Application

  Structural
  Non-structural


Type

  Adhesive bonded
  Mechanically fastened


Sales Channel

  Direct Sales
  Distributors & Retailers


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The non-residential segment is estimated to witness significant growth during the forecast period.

Cross laminated timber (CLT) is gaining significant traction in the construction industry, particularly in the commercial sector. The material's superior compressive strength and environmental sustainability make it an attractive option for high-rise buildings and non-residential construction. CLT's use extends to complex architectural designs, such as curved and domed ceilings, intricate arches, and flat roof systems, found in museums, gathering centers, hospitals, and other commercial spaces. Advancements in engineering and design technologies enable the creation of prefabricated CLT structures, ensuring moisture control, acoustic performance, and seismic resistance. These structures offer a strength-to-weight ratio that surpasses traditional building materials, reducing transportation costs and carbon emissions during the construction process.

Sustainable forestry practices, including chain of custody certification and kiln drying, contribute to the durability and lon

Forecast: Value Added of Agriculture, Forestry and Fishing in the UK 2023 - 2027 Discover more data with ReportLinker!

Sales of wooden containers move in line with manufacturing activity, wholesaling activity, UK export levels and demand for transporting and storing goods. Revenue is anticipated to rise at a compound annual rate of 3.3% over the five years through 2025-26 to £1.3 billion, including forecast growth of 2.9% in 2025-26, largely driven by timber prices stabilising at a high price point. Manufacturers have upped the amount they charge for their containers to cover higher input costs, raising revenue. Strong export growth has also helped lift revenue more recently, with sanctions on Russian timber supporting sales of UK-made wooden containers abroad. Wooden container manufacturers saw their revenue dip in 2022-23, driven by numerous factors. Firstly, activity in the manufacturing sector (the industry's second-largest market) faltered due to high interest rates and low consumer confidence. Adding even more pressure, timber prices plunged in 2023, following their 2022 spike, because of excess supply and a decline in global demand. This reduced the value of manufacturers' pallets, lowering revenue. At the same time, intense import competition, rising cost pressures and a lower revenue base ate into profit. Strong competition from substitutes, mainly plastic pallets, continues to weigh on revenue growth. Over the five years through 2030-31, revenue is slated to climb at a compound annual rate of 3.8% to £1.6 billion. Manufacturing activity is anticipated to edge up, supported by efforts undertaken by UK manufacturers to enhance product offerings, propping up sales of wooden containers, and lifting industry revenue. Improving trade relations between the EU (a major export destination) and the UK should further drive revenue growth by supporting export sales. At the same time, wholesaling activity is likely to rise as household finances increase and inflation inches closer to its target level, pushing up the volume of goods transported.

The prices of doors and window frames made out of plastic and timber fell decreased slightly in 2024 in the United Kingdom. However, the producer price of metal doors and windows increased by **** percent. Until that year, prices of these types of windows and doors changed at a similar rate, with a significant price growth in 2022 and 2023.

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.

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Wooden Floor Market Size 2024-2028

The wooden floor market size is forecast to increase by USD 7.68 billion at a CAGR of 5.69% between 2023 and 2028.

The market is experiencing significant growth due to the increasing number of construction and real estate projects globally. This trend is driven by the rising demand for aesthetically pleasing and durable flooring solutions. Furthermore, the adoption of advanced technologies such as augmented reality (AR) and virtual reality (VR) is revolutionizing the way consumers purchase wooden flooring products online. However, the market faces challenges due to the volatility in prices of raw materials, particularly wood and other essential components. This can impact the profitability of manufacturers and retailers, requiring them to carefully manage their supply chains and pricing strategies. To stay competitive, market participants must focus on innovation, sustainability, and cost efficiency. Overall, the market is poised for steady growth, driven by consumer preferences and technological advancements.

What will be the Size of the Wooden Floor Market During the Forecast Period?

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The market encompasses a range of hard flooring options, including solid wood, engineered wood, laminate, vinyl flooring, and ceramic tile flooring. These timber products, which include floorboards, flooring, and timber products, continue to hold a significant appeal in interior design due to their timeless and visual appeal. Solid wood and engineered wood flooring, in particular, are favored for their natural beauty and durability.
Furthermore, wide plank flooring and hardwood flooring are popular choices for those seeking a luxurious and authentic look. However, the production of wooden floors can raise concerns regarding deforestation and associated greenhouse gas emissions. The market is experiencing trends towards the use of sustainable raw materials and manufacturing processes to mitigate these issues. Overall, the market remains a dynamic and evolving sector In the building industry.

How is this Wooden Floor Industry segmented and which is the largest segment?

The wooden floor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Engineered wood flooring
  Solid wood flooring


End-user

  Residential
  Non-residential


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  Middle East and Africa



  South America

By Type Insights

The engineered wood flooring segment is estimated to witness significant growth during the forecast period.

Solid wood flooring constitutes floorboards crafted from a single, unadulterated piece of natural timber. Renowned for its enduring quality, visual appeal, and longevity, solid wood floors are a popular choice for both residential and commercial applications. The increasing preference for authentic and eco-friendly materials in interior design and construction sectors fuels the demand for solid wood flooring. Consumers are increasingly attracted to the timeless beauty and sustainability of solid wood floors, as they are derived from renewable timber resources and generate minimal environmental impact compared to synthetic flooring alternatives, such as laminate, vinyl, or ceramic tile flooring.

Furthermore, engineered wood flooring, another wood flooring option, is also gaining traction due to its cost-effectiveness and structural stability. Solid wood, engineered wood, and other timber products continue to be integral components of flooring materials in buildings, offering natural textures and a sense of luxury. Sustainable sourcing practices are essential In the production of solid wood flooring, ensuring a responsible approach to resource management and a reduced carbon footprint.

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The engineered wood flooring segment was valued at USD 12.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market experiences significant growth due to the thriving construction industry. With over 919,000 ongoing projects In the US as of Q1 2023, the industry contributes substantially to the economy, employing approximately 8.0 million people and generating nearly USD2.1 trillion in infrastructure projects annually. This sector's

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Woodworking Machines Market Size 2025-2029

The woodworking machines market size is forecast to increase by USD 1.52 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of automated solutions. This trend is being fueled by advancements in technology, particularly the integration of the Internet of Things (IoT) into woodworking machinery. This development enables real-time monitoring and remote control of machines, enhancing productivity and efficiency. However, the market faces challenges, including the declining availability and increasing prices of wood supplies.
This issue, coupled with the rising cost of timber, poses a significant obstacle for manufacturers and operators in the woodworking industry. IoT enables real-time monitoring and predictive maintenance, leading to increased efficiency and cost savings. To capitalize on opportunities and navigate these challenges effectively, companies must stay informed of technological advancements and adapt to market trends while implementing sustainable sourcing strategies.

What will be the Size of the Woodworking Machines Market during the forecast period?

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The market encompasses various technologies, including automated machining and digital fabrication, which continue to shape industry trends. Sustainable forestry practices and wood recycling are gaining momentum, driving the demand for eco-friendly woodworking solutions. Data analytics and machine learning are revolutionizing production processes, enabling real-time optimization of feed rates, cutting speeds, and tool life. Surface finish and material handling systems are essential components, ensuring high-quality output and efficient workflow. Safety features, noise levels, and power consumption are key considerations for manufacturers seeking to meet evolving environmental regulations. Wood composites and wood-based products are increasingly popular due to their durability and sustainability.
Woodworking education, apprenticeships, and competitions foster innovation and skill development, contributing to the industry's growth. CAD/CAM integration and workholding systems are essential for precision cutting and ensuring consistent product quality. AI and machine learning are transforming the sector by streamlining processes and enhancing customization capabilities. Woodworking exhibitions provide a platform for showcasing the latest technologies and fostering industry collaboration. This market experiences significant activity due to increasing demand for sustainable construction practices, including modular construction and CLT (Cross-Laminated Timber) systems.

How is this Woodworking Machines Industry segmented?

The woodworking machines industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Furniture
  Construction
  Shipbuilding


Distribution Channel

  Offline
  Online


Type

  Electrical
  Mechanical


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Application Insights

The furniture segment is estimated to witness significant growth during the forecast period. Woodworking machines are integral to the furniture industry, enabling manufacturers to produce superior quality wooden furniture for both residential and commercial applications. The demand for wooden furniture persists in 2024, fueled by shifting consumer preferences and technological advancements in woodworking. In the residential sector, furniture serves dual functions - utility and aesthetics. Notably, there's a growing trend towards portable wooden furniture due to frequent home relocations. Essential residential furniture pieces include sofa sets, tables, chairs, entertainment units, decorative side tables, shelves, beds, dressing tables, wardrobes, and study tables. Decorative wooden items are also gaining traction as homeowners pursue unique and stylish interior designs.

Woodworking retailers offer a wide range of supplies, tools, and equipment to cater to diverse needs. Blade sharpening and design software help maintain and enhance the functionality and appearance of woodworking tools. The woodworking industry's rich history and heritage inspire continued passion and dedication among its practitioners. Woodworking machinery plays a crucial role in the production of personalized, customized wooden products, from beams and insulation to boards and intricately engineered furniture.

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Composite Decking Market Size 2025-2029

The composite decking market size is forecast to increase by USD 4 billion, at a CAGR of 16.6% between 2024 and 2029.

Major Market Trends & Insights

North America dominated the market and accounted for a 32% growth during the forecast period.
By the Application - Residential segment was valued at USD 1.28 billion in 2023
By the Type - Polyethylene segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 247.64 billion
Market Future Opportunities: USD USD 4 billion 
CAGR : 16.6%
North America: Largest market in 2023

Market Summary

The market is experiencing significant growth, driven by the revival of the construction industry and the increasing adoption of prefabricated construction solutions. These trends are fueled by the demand for durable, low-maintenance, and aesthetically pleasing outdoor living spaces. However, the availability of substitutes for composite decking, such as traditional wood and other materials, poses a challenge for market participants. Producers must differentiate themselves by offering superior product quality, innovative designs, and competitive pricing to capture market share effectively.
Companies that can successfully navigate these dynamics and capitalize on the opportunities presented by the reviving construction industry and the shift towards prefabricated solutions will thrive in this market.

What will be the Size of the Composite Decking Market during the forecast period?

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The market continues to evolve, driven by advancements in technology and consumer preferences. UV-resistant and stain-resistant composite decking have gained significant traction due to their ability to withstand harsh environmental conditions and maintain their aesthetic appeal. Structural integrity and dimensional stability testing are crucial in ensuring the durability and longevity of these products. Decking fastener and railing systems have also seen innovation, with hidden systems becoming increasingly popular for their sleek appearance. Cleaning methods for composite decking have evolved to include specialized products and techniques, making maintenance easier and more effective. Decking structural design continues to advance, with fire-retardant and pressure-treated options gaining popularity in commercial and residential applications.
Co-extrusion and composite lumber decking have emerged as viable alternatives to traditional wood-plastic composites. Hidden fastener systems and decking color pigments have improved, enhancing the overall appearance and functionality of composite decking. Impact resistance testing is essential in ensuring the safety and durability of these products. Composite decking accessories, such as lighting and bench systems, have become essential additions to enhance the overall user experience. High-density polyethylene and cellular PVC decking offer low-maintenance solutions for homeowners. The composite decking industry is expected to grow by 5% annually, driven by these innovations and consumer demand for durable, low-maintenance outdoor living solutions.
For instance, a leading composite decking manufacturer reported a 15% increase in sales due to the introduction of a new UV-resistant decking line. This success underscores the market's continuous dynamism and the importance of staying attuned to evolving consumer preferences and technological advancements.

How is this Composite Decking Industry segmented?

The composite decking industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Residential
  Non-residential


Type

  Polyethylene
  Polypropylene
  Polyvinyl chloride
  Others


Composition

  Solid
  Hollow


Distribution Channel

  Online
  Offline


Finish Type

  Capped
  Uncapped


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth due to the increasing residential modular construction activities in the US, Europe, and Asia Pacific (APAC) regions. This trend is driven by rising disposable incomes, urbanization, and government initiatives in APAC countries like China, India, Malaysia, and Indonesia. The recovery of the global housing market in countries such as the US, Can

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Plywood Market Size 2025-2029

The plywood market size is forecast to increase by USD 16.89 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing growth, driven primarily by the wave of residential and commercial construction activities in various regions. This trend is underpinned by an uptick in infrastructure development and urbanization, particularly in emerging economies. However, this growth is not without challenges. One significant issue is the rising wages in key manufacturing hubs, which is increasing production costs for plywood manufacturers. Another challenge is the persistent concerns over moisture and humidity, which can negatively impact the quality and durability of plywood products.
To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on implementing cost-effective manufacturing strategies and investing in research and development to address moisture and humidity concerns, particularly in the production of wooden furniture. Moisture control is critical to maintaining product quality, durability, and customer satisfaction in wooden furniture manufacturing. By staying abreast of these market dynamics and adapting to the evolving landscape, including changing consumer preferences, environmental factors, and material innovations, businesses can position themselves for long-term success in the market.

What will be the Size of the Plywood Market during the forecast period?

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The market in the United States continues to experience strong growth, driven by increasing demand for efficient manufacturing processes, fire-rated plywood, and engineered wood solutions such as cross-laminated timber (CLT). Customer preferences for high-quality plywood varieties, including birch, pine, cedar, maple, oak, and bamboo, fuel expansion in the market. LEED certification and green building initiatives further boost demand for moisture-resistant, high-performance plywood and composite panels. Product development in the sector focuses on meeting safety standards and building codes, resulting in innovations like glulam beams and advanced quality control measures.
Wholesale distribution and online sales channels have expanded, catering to a diverse target audience in the construction industry. MDF and composite panels also contribute to the market's sizeable revenue, with retail sales remaining a significant segment. Overall, the market is poised for continued growth, driven by design innovation, supply chain optimization, and the increasing popularity of modular construction.

How is this Plywood Industry segmented?

The plywood industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Hardwood
  Softwood


Sector

  New construction
  Replacement


End-user

  Residential
  Commercial


Geography

  APAC

    Australia
    China
    India
    Japan
    South Korea


  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa



  South America

By Type Insights

The hardwood segment is estimated to witness significant growth during the forecast period. Plywood, a versatile wood product, is essential in various industries, including commercial construction and furniture manufacturing. In plywood manufacturing, a Plywood Mill produces sheets through a process of gluing veneers of different wood types, resulting in high-strength and stability. The plywood supply chain ensures the availability of various types, such as underlayment, structural, exterior, and sanded plywood, catering to diverse applications. Plywood thickness, pricing, and certifications, like fire retardant and moisture resistance, significantly impact the market. Architects and interior designers utilize plywood for wall cladding, furniture, and interior design due to its adaptability in CNC machining, laser cutting, and plywood fabrication.

Industrial construction relies on plywood panels for sheathing and insulation. Sustainability is a growing trend, with a focus on sustainable forestry, recycling, and reducing carbon footprint. Formaldehyde emissions and levels are crucial considerations for plywood production and finishing. Plywood repair and installation are essential aspects of the market, ensuring durability and longevity. Plywood is used extensively in residential and industrial construction, with applications ranging from sheathing and wall cladding to marine and furniture manufacturing. The market's demand is influenced by factors like plywood's moisture resistance, fire resistance, and formality levels. Plywood trends include water-resistant, fire retardant, and formaldehyde-free options.

Plywood is a vital component in various