Lumber fell to 602.62 USD/1000 board feet on June 6, 2025, down 0.40% from the previous day. Over the past month, Lumber's price has risen 11.57%, and is up 18.02% 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.

Lumber Market Outlook 2032

The global lumber market size was USD 337.8 Billion in 2023 and is projected to reach USD 425.4 Billion by 2032, expanding at a CAGR of 3.3% during 2024–2032. The market growth is attributed to the growing infrastructure investments across the globe.



Rising infrastructure investments is a significant driver of the lumber market. Governments and private entities across the globe are making substantial investments in infrastructure development. This includes the construction of public facilities, commercial spaces, and residential complexes. Such development activities lead to a high demand for lumber, given its versatility and strength-to-weight ratio. Additionally, advancements in engineered wood products have further increased the use of lumber in structural applications, driving the lumber market.

Impact of Artificial Intelligence (AI) in Lumber Market

Artificial Intelligence has a significant impact on lumber market, by enhancing efficiency, accuracy, and productivity. The integration of AI in lumber operations has led to the development of smart sawmills that utilize machine learning algorithms to optimize the cutting of logs, thereby reducing waste and increasing yield. AI-powered drones and satellite imagery are now used for forest management, enabling precise inventory tracking and health assessment of trees.



AI has revolutionized supply chain management in the lumber industry, facilitating real-time tracking, predictive analytics for demand forecasting, and automated decision-making processes. This has resulted in reduced operational costs, improved customer service, and increased profitability. Furthermore, AI-driven predictive maintenance systems have been instrumental in minimizing equipment downtime, thus boosting overall productivity. The advent of AI has undeniably reshaped the lumber market, driving sustainability and growth.

Lumber Market Dynamics

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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 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 Wood Pulp Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). Get five years of historical data as well as forecasts for the next five years.

The Sawn Wood Market report segments the industry into Type (Hard Wood, Soft Wood) and Geography (North America, Europe, Asia-Pacific, South America, Middle East And Africa). The report includes Production Analysis in Volume, Consumption Analysis by Volume and Value, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis.

In 2024, the Thai wood tool market decreased by -45.5% to $152K for the first time since 2019, thus ending a four-year rising trend. In general, consumption showed a abrupt curtailment. Wood tool consumption peaked at $379K in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.

CME lumber futures

Financial data:

• Historical daily stock prices (open, high, low, close, volume)

• Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)

• Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)

Machine learning features:

• Feature engineering based on financial data and technical indicators

• Sentiment analysis data from social media and news articles

• Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• The dataset may include different levels of granularity (e.g., daily, hourly)

• Data cleaning and preprocessing are essential before model training

• Regular updates are recommended to maintain the accuracy and relevance of the data

The wood pellets market is expected to witness steady growth between 2025 and 2035, driven by rising demand for renewable energy sources, increasing adoption of biomass fuel, and stringent environmental regulations promoting sustainable heating solutions. The market is projected to be valued at USD 12.18 billion in 2025 and is anticipated to reach USD 31.33 billion by 2035, reflecting a CAGR of 9.9% over the forecast period.

Country-wise Outlook

Competitive Outlook

In 2024, the global wood tool market was finally on the rise to reach $4.3B after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2024: its value increased at an average annual rate of +5.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -10.0% against 2021 indices.

The Chinese densified wood market rose slightly to $1.1B in 2024, with an increase of 4.2% against the previous year. Over the period under review, consumption showed a pronounced descent. As a result, consumption reached the peak level of $1.5B. From 2016 to 2024, the growth of the market failed to regain momentum.

The global pine wood market revenue amounted to $X in 2017, increasing by X% against the previous year. In general, pine wood consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when market value increased by X% against the previous year. In that year, the global pine wood market attained their peak level of $X.

The U.S. wood tool market totaled $418M in 2024, leveling off at the previous year. Overall, consumption, however, showed a strong increase. As a result, consumption reached the peak level of $481M. From 2023 to 2024, the growth of the market failed to regain momentum.

In 2020, the Thai wood residues market increased by X% to $X, rising for the sixth year in a row after two years of decline. In general, the total consumption indicated a notable expansion from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by X% against 2014 indices. Over the period under review, the market hit record highs in 2020 and is likely to see steady growth in years to come.

The revenue of the spruce wood market in Northern America amounted to $X in 2017, jumping by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. In that year, the spruce wood market reached their peak level of $X.

The Jordanian densified wood market fell slightly to $10M in 2024, shrinking by -1.9% against the previous year. Overall, consumption, however, recorded temperate growth. Densified wood consumption peaked at $14M in 2020; however, from 2021 to 2024, consumption failed to regain momentum.

In 2017, approx. X cubic meters of pine wood were imported into Indonesia; stabilizing at the previous year. Overall, pine wood imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2010, when the imports increased by X% from the previous year. Over the period under review, the pine wood imports reached its maximum volume of X cubic meters in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.In value terms, pine wood imports stood at $X in 2017.

The Japanese preservative-treated rough wood market dropped to $128M in 2024, reducing by -4.1% against the previous year. Over the period under review, consumption saw a mild downturn. Over the period under review, the market attained the peak level at $149M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

The Bolivian densified wood market fell slightly to $24M in 2024, stabilizing at the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $32M. From 2020 to 2024, the growth of the market failed to regain momentum.

Global wood imports stood at 242M tons in 2016, moving up by 2% against the previous year level. The total import volume increased at an average annual rate of +1.6% over the period from 2007 to 201...