Lumber fell to 601.15 USD/1000 board feet on August 22, 2025, down 1.61% from the previous day. Over the past month, Lumber's price has fallen 9.74%, but it is still 18.77% higher than a year ago, 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.

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Other Wood Products (WPU084) from Dec 1966 to Jul 2025 about wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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.

Get the latest insights on price movement and trend analysis of Softwood Lumber meal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Wholesale Price Index of wood and wood products across India during financial year 2024 was over *****. The price index value of wood related products increased by about ** percent from the base year of 2012. An overall increase in the price index was seen over the years from financial year 2013 in the country.

The Sawn Wood Market Report is Segmented by Type (Softwood and Hardwood), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, Africa). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Softwood Cut Stock and Dimension (WPU08110503) from Jan 1987 to May 2025 about stocks, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber was 279.33000 Index 1982=100 in July 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 August of 2025.

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.

United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber was 277.36400 Index 1982=100 in March of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Lumber reached a record high of 462.00000 in May of 2021 and a record low of 4.50000 in August of 1932. 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: Lumber - last updated from the United States Federal Reserve on August of 2025.

United States - Producer Price Index by Industry: Engineered Wood Member Manufacturing: Laminated Veneer Lumber was 222.42100 Index Dec 2003=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Engineered Wood Member Manufacturing: Laminated Veneer Lumber reached a record high of 277.82800 in May of 2022 and a record low of 100.00000 in December of 2003. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Engineered Wood Member Manufacturing: Laminated Veneer Lumber - last updated from the United States Federal Reserve on August of 2025.

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...

United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Plywood was 155.10200 Index Dec 2012=100 in July of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Plywood reached a record high of 175.99700 in October of 2022 and a record low of 96.70000 in April of 2015. 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 Plywood - last updated from the United States Federal Reserve on August of 2025.

This table contains 30 series, with data for years 1961 - 2001 (not all combinations necessarily have data for all years), and was last released on 2001-10-29. This table contains data described by the following dimensions (Not all combinations are available): Geography (8 items: Atlantic Region; Ontario; Quebec; Prairie Region ...), Commodities (9 items: Lumber; softwood; Lumber; softwood; Douglas fir; Lumber; softwood; spruce-pine-fir; Lumber; softwood; hemlock ...).

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Hardwood Market Size 2025-2029

The hardwood market size is forecast to increase by USD 9.9 billion, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant growth due to the increasing residential and commercial construction activities. This trend is driven by the rising demand for new housing units and office spaces, leading to increased consumption of hardwood. Moreover, the emerging trend of remodeling and renovation is further fueling the market's growth as homeowners and businesses opt for hardwood flooring and furniture to enhance the aesthetic appeal and durability of their spaces. However, the market faces challenges in the form of environmental and sustainability concerns associated with hardwood.
To mitigate these concerns, companies are focusing on sustainable forest management practices and using reclaimed or recycled hardwood. Additionally, the rising popularity of alternative materials, such as engineered wood and laminates, poses a threat to the market's growth. Companies must innovate and differentiate themselves by offering high-quality, sustainably sourced hardwood products to capitalize on the market's opportunities and navigate these challenges effectively. Sustainability is a crucial factor, with green certifications and moisture barriers essential for indoor air quality solutions and formaldehyde emissions. The harvesting of hardwood from forests can lead to deforestation and loss of biodiversity.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by the dynamic interplay of various factors. An ongoing focus on maximizing sawmill operational efficiency and minimizing wood waste has led to the exploration of innovative timber harvesting techniques and wood machining methods. These advancements, in turn, have expanded the applications of hardwoods in diverse sectors. Wood anatomical features, such as density and fiber properties, are increasingly being harnessed to produce high-performance wood panel products, certified hardwood lumber, and engineered wood solutions. Wood adhesive technology and finishing techniques have advanced, enabling superior bonding and surface protection. Government initiatives, such as the Smart Cities Mission, Pradhan Mantri Awas Yojana (PMAY), and the Sardar Patel National Urban Housing Mission, are estimated to increase urban population growth, thereby driving market expansion.

Hardwood acoustic properties are finding new applications in construction and interior design, while hardwood charcoal production and biomass energy generation offer sustainable alternatives to fossil fuels. Wood moisture content management and preservation methods ensure product longevity, while advancements in wood drying technology and plywood manufacturing processes enhance production efficiency. Hardwood species identification and sustainable forestry practices are crucial for maintaining the long-term viability of the market. Wood composite materials, lignin utilization, and other emerging technologies continue to reshape the hardwood industry, ensuring its ongoing relevance and adaptability.

How is this Hardwood Industry segmented?

The hardwood 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

  Flooring
  Furniture
  Others


Type

  Ash
  Cherry
  Maple
  Oak
  Birch


End-user

  Residential
  Commercial
  Industrial


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany


  APAC

    China
    India
    Indonesia
    Japan
    Vietnam


  Rest of World (ROW)

By Application Insights

The Flooring segment is estimated to witness significant growth during the forecast period. The market is driven by various applications and processes that utilize the unique properties of hardwood. With a higher density and intricate structure compared to softwood, hardwood is extensively used in flooring applications, accounting for the largest market share. Hardwood flooring is popular in both residential and commercial construction due to its noise-reducing qualities and enhanced aesthetic value. Timber harvesting techniques ensure the sustainable sourcing of hardwood, while wood machining techniques enable the efficient production of certified hardwood lumber. Sawmill operational efficiency is crucial in this process, and advancements in technology continue to improve production methods.

Wood drying technology is essential to maintain the desired moisture content, ensuring the longevity and durability of hardwood product

Graph and download economic data for Producer Price Index by Commodity: Lumber and Wood Products: Hardwood Lumber (WPU0812) from Jan 1947 to Jul 2025 about floor coverings, wood, commodities, PPI, inflation, price index, indexes, price, and USA.

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 Pine Wood market size will be USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.70% from 2024 to 2031.

North America held the major market, accounting for more than 40% of global revenue. With a market size of USD XX million in 2024, it will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held a market 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 6.7 % from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and will be USD XX million in 2024, growing at a compound annual growth rate (CAGR) of 4.1 % from 2024 to 2031.
Middle East and Africa held the major market of around 2% 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.
The Furniture segment had the largest share in the global Pine Wood market by application.

Market Dynamics of Pine Wood Market

Key Drivers of Pine Wood Market

High Demand in Furniture and Interior Design: Pine wood is extensively utilized in the production of furniture, cabinetry, and paneling owing to its ease of work, attractive grain pattern, and cost-effectiveness. The global surge in home decor and DIY initiatives has led to a notable increase in demand for pine-based products from both interior designers and consumers.

Sustainable and Renewable Resource Appeal: In light of rising environmental concerns, the classification of pine wood as a fast-growing, renewable, and sustainably sourced timber renders it appealing to eco-conscious consumers. Certifications such as FSC and PEFC further enhance its acceptance in green building projects and sustainable product lines within the construction and manufacturing industries.

Growth in Construction and Packaging Applications: Pine wood is widely employed in structural framing, flooring, pallets, and crates. The rapid growth of construction activities in developing areas, coupled with the rising global trade that necessitates durable packaging, underscores the continued relevance of pine wood due to its structural integrity and availability in these industrial sectors.

Key Restraint Of Pine Wood Market

Susceptibility to Decay and Termites: As a softwood, pine wood is vulnerable to insect infestations and decay, particularly in humid conditions. This vulnerability restricts its use in outdoor and long-term structural applications unless it undergoes chemical treatment, which increases processing costs and raises concerns regarding the environmental and health implications of such preservatives.

Volatile Timber Pricing and Supply Chain Disruptions: Variations in timber supply caused by wildfires, pest infestations (such as pine beetles), and trade limitations have led to price volatility. Furthermore, transportation and export regulations impact availability, rendering pine wood a less reliable option for manufacturers who require a steady supply in bulk.

Competition from Engineered and Alternative Materials: Pine wood faces competition from engineered woods such as MDF and plywood, along with materials like plastic, aluminum, and composites. These alternatives frequently provide enhanced durability or fire resistance and are being increasingly utilized in industries that prioritize low-maintenance or more resilient solutions.

Key Trends Of Pine Wood Market

Rise in Thermally Modified Pine Wood: Thermal modification enhances the durability, moisture resistance, and lifespan of pine wood, rendering it suitable for outdoor and architectural applications. This trend is on the rise, particularly in Europe and North America, where consumers are in search of natural yet enduring wood alternatives that do not require extensive chemical treatments.

Integration in Modular and Prefabricated Construction: Pine wood is becoming increasingly popular in modular buildings and prefabricated housing due to its lightweight nature, aesthetic appeal, and ease of cutting. Its application in quick-assembly structures corresponds with the growing demand for affordable and sustainable housing and commercial spa...

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.