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US Lumber Market 2021-2030

  • ID: 5390045
  • Report
  • June 2021
  • Region: United States
  • 204 Pages
  • The Freedonia Group
Provides Demand for Lumber in Both Volume and Value Terms to 2030

FEATURED COMPANIES

  • Canfor
  • Georgia-Pacific
  • Interfor
  • West Fraser Timber
  • Weyerhaeuser
  • MORE

This industry study analyzes the 66.4 billion board foot (volume) US lumber industry. It presents historical demand data and forecasts by product (untreated softwood lumber, pressure-treated softwood lumber, hardwood lumber, and engineered lumber), by market, by application (structural and framing, exterior finish, interior finish, landscaping and outdoor, and industrial and commercial), and US geographic region.

The study also examines imports, exports, tariff impact, and industry sustainability. Historical data for 2010, 2015, and 2020 and forecasts to 2025 and 2030 are provided for lumber demand in both volume terms (board feet) and value terms (US dollars).

For the purposes of this study, lumber is defined as wood (taken from harvested trees, or timber) that has been cut and sawn into planks, beams, or boards of a desired size and shape.

Lumber comprises both:

  • rough cut lumber
  • finished lumber
  • Types of lumber included in the scope of this study are:
  • untreated softwood lumber
  • pressure-treated softwood lumber
  • hardwood lumber
  • engineered lumber, such as I-joists, glulam, rim board, cross-laminated timbers (CLTs), structural composite lumber (SCL), laminated veneer lumber (LVL), parallel strand lumber (PSL), laminated strand lumber (LSL) and oriented strand lumber (OSL)

The value of OSB and plywood are included only when they are part of I-joists.

Products excluded from the scope of the study include engineered wood products, such as:

  • particleboard
  • plywood (except for that used to make I-joists)
  • medium-density fiberboard (MDF)
  • high-density fiberboard (HDF)
  • hardboard
  • oriented strand board (OSB), except for that used to make I-joists

These wood products differ from wood lumber in that engineered wood products consist of reformulated wood materials - sawdust, wood shavings, shells, and other materials - where lumber products are only made with solid wood lumber.

Lumber demand is segmented into the following applications:

  • structural and framing (e.g., wall framing, roof framing, structural floors and foundations)
  • exterior finish, including roofing, siding (or cladding), exterior trim, soffit and fascia, and shutters
  • interior finish components (e.g., finish flooring, doors and windows, cabinets, interior moulding and trim, ceilings, countertops, stairs and railings, mantels)
  • landscaping and outdoor lumber, such as decking, fencing, porches and patios, outdoor structures (e.g., gazebos, arbors, walls, pergolas), playgrounds, roads and bridges, piers, and boardwalks

Demand is also segmented into two major markets:

  • construction, which is further segmented by lumber used in new residential building construction, residential repair and remodeling, nonresidential buildings, and nonbuilding
  • industrial and commercial (e.g., pallets and crates, furniture, vehicles, signage, caskets, shelving, blinds, matting for large industrial equipment)

Finally, demand for lumber is broken out for the following US geographic regions and subregions:

  • Northeast (Middle Atlantic and New England)
  • Midwest (East North Central and West North Central)
  • South (South Atlantic, East South Central, and West South Central)
  • West (Mountain and Pacific)
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Canfor
  • Georgia-Pacific
  • Interfor
  • West Fraser Timber
  • Weyerhaeuser
  • MORE

1. Executive Summary

2. COVID-19 Pandemic

  • Overview
  • Impact on the Economy
  • Impact on the Construction Industry
  • Impact on the Lumber Industry

3. Overview

  • Study Scope
  • Historical Trends
  • Production & Trade
  • Shipments & Net Exports
  • Imports
  • Exports
  • Impact of Tariffs
  • Demand by Type & Market
  • Pricing Trends
  • Sustainability Issues
  • Green Building Practices
  • Forest Management
  • Recycling & Recycled Content
  • Treatment Chemicals

4. Construction Market

  • Market Scope
  • Market Overview
  • Demand by Market Sector
  • New Residential Buildings
  • Residential Repair & Remodeling
  • Nonresidential Buildings
  • Nonbuilding
  • Products
  • Applications
  • Regional Trends

5. Industrial & Commercial Markets

  • Market Scope
  • Products
  • Applications
  • Demand by Application
  • Pallets & Crates (Packaging & Shipping)
  • Furniture
  • Other Industrial & Commercial (Vehicles, Signage)
  • Regional Trends

6. Solid Wood Lumber

  • Scope & Product Description
  • Shipments & Foreign Trade
  • Types of Solid Wood Lumber
  • Demand by Type
  • Untreated Softwood Lumber
  • Pressure-Treated Lumber
  • Hardwood Lumber
  • Markets & Applications
  • Market Share & Key Suppliers

7. Engineered Lumber

  • Scope & Product Description
  • Shipments & Foreign Trade
  • Demand by Type (I-Joists, Glulam, LVL, & Other)
  • Markets & Applications
  • Key Suppliers

8. Structural & Framing Lumber

  • Scope
  • Applications
  • Demand by Application
  • Wall Framing
  • Roof Framing
  • Structural Floors & Foundations
  • Products
  • Regional Trends
  • Competitive Products

9. Exterior Finish Lumber

  • Scope
  • Applications
  • Demand by Application
  • Roofing
  • Siding
  • Other Exterior Finish (Soffits & Fascia, Shutters, Exterior Trim)
  • Products
  • Regional Trends
  • Competitive Products

10. Interior Finish Lumber

  • Scope
  • Applications
  • Demand by Application
  • Finish Flooring
  • Doors & Windows
  • Cabinets
  • Interior Moulding & Trim
  • Other (Ceilings, Countertops, Paneling, Stairs & Railings, Mantels)
  • Products
  • Regional Trends
  • Competitive Products

11. Landscaping & Outdoor Lumber

  • Scope
  • Applications
  • Demand by Application
  • Decking
  • Fencing
  • Porches & Patios
  • Outdoor Structures (Gazebos, Arbors, Walls, Pergolas)
  • Other Landscaping & Outdoor Applications (Playgrounds, Roads & Bridges, Piers, Boardwalks)
  • Products
  • Regional Trends
  • Competitive Products

12. Regional Trends

  • Demand by Region
  • Northeast
  • Midwest
  • South
  • West

13. Industry Structure

  • Key Findings & Industry Composition
  • US Lumber Production Capacity
  • Market Share
  • Mergers & Acquisitions
  • List of Industry Participants

14. Appendix

  • Report Details
  • Definitions
  • Abbreviations
  • Methodology
  • Study-Specific Methodology
  • Sources
  • Associations & Agencies
  • Related Studies & Reports
  • Macroeconomic Assumptions
  • Economic Environment
  • Demographic Trends
  • Consumer Spending
  • Consumer Financing
  • Building Construction
  • Residential Building Construction
  • New Housing
  • Housing Stock
  • Residential Improvements & Repairs
  • Commercial Building Construction
  • Commercial Building Stock
  • Commercial Improvements & Repairs
  • Nonbuilding Construction Expenditures
  • Manufacturers' Shipments

List of Tables
2. COVID-19 Pandemic
Table 2-1 Macroeconomic Indicators, 2019-2022 (billion 2012 dollars)
Table 2-2 Construction Expenditures, 2019-2022 (billion 2012 dollars & billion dollars)
Table 2-3 Annual Lumber Demand by Product, 2019-2021 (million board feet)
Table 2-4 Annual Lumber Demand by Market, 2019-2021 (million board feet)
3. Overview
Table 3-1 Lumber Demand, 2010-2020 (million board feet)
Table 3-2 Lumber Supply & Demand, 2010-2030 (million board feet)
Table 3-3 Lumber Imports by Country, 2010-2020 (million board feet)
Table 3-4 Lumber Exports by Country, 2010-2020 (million board feet)
Table 3-5 Lumber Demand by Type & Market, 2010-2030 (million board feet & million dollars)
Table 3-6 Lumber Average Prices by Type, 2010-2030 (dollars per board foot)
4. Construction Market
Table 4-1 Construction Lumber Demand by Market Sector, 2010-2030 (million board feet)
Table 4-2 New Residential Lumber Demand by Application, 2010-2030 (million board feet)
Table 4-3 Residential Repair & Remodeling Lumber Demand by Application, 2010-2030 (million board feet)
Table 4-4 Nonresidential Lumber Demand by Application, 2010-2030 (million board feet)
Table 4-5 Nonbuilding Lumber Demand by Application, 2010-2030 (million board feet)
Table 4-6 Construction Lumber Demand by Product, 2010-2030 (million board feet)
Table 4-7 Construction Lumber Demand by Application, 2010-2030 (million board feet)
Table 4-8 Construction Lumber Demand by Region, 2010-2030 (million board feet)
5. Industrial & Commercial Markets
Table 5-1 Industrial & Commercial Lumber Demand by Product, 2010-2030 (million board feet)
Table 5-2 Industrial & Commercial Lumber Demand by Application, 2010-2030 (million board feet)
Table 5-3 Pallet & Crate Lumber Demand by Product, 2010-2030 (million board feet)
Table 5-4 Furniture Lumber Demand by Product, 2010-2030 (million board feet)
Table 5-5 Other Industrial & Commercial Lumber Demand by Product, 2010-2030 (million board feet)
Table 5-6 Industrial & Commercial Lumber Demand by Region, 2010-2030 (million board feet)
6. Solid Wood Lumber
Table 6-1 Solid Wood Lumber Shipments & Foreign Trade, 2010-2030 (million board feet)
Table 6-2 Solid Wood Lumber Demand by Type, 2010-2030 (million board feet & million dollars)
Table 6-3 Untreated Softwood Lumber Demand by Application, 2010-2030 (million board feet & million dollars)
Table 6-4 Pressure Treated Lumber Demand by Application, 2010-2030 (million board feet & million dollars)
Table 6-5 Hardwood Lumber Demand by Application, 2010-2030 (million board feet & million dollars)
Table 6-6 Solid Wood Lumber Demand by Application & Market, 2010-2030 (million board feet)
7. Engineered Lumber
Table 7-1 Engineered Lumber Shipments & Foreign Trade, 2010-2030 (million board feet)
Table 7-2 Engineered Lumber Demand by Type, 2010-2030 (million board feet & million dollars)
Table 7-3 Engineered Lumber Demand by Market & Application, 2010-2030 (million board feet)
8. Structural & Framing Lumber
Table 8-1 Structural & Framing Lumber Demand by Application, 2010-2030 (million board feet)
Table 8-2 Wall Framing Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 8-3 Roof Framing Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 8-4 Structural Floor & Foundation Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 8-5 Structural & Framing Lumber Demand by Product, 2010-2030 (million board feet)
Table 8-6 Structural & Framing Lumber Demand by Region, 2010-2030 (million board feet)
9. Exterior Finish Lumber
Table 9-1 Exterior Finish Lumber Demand by Application, 2010-2030 (million board feet)
Table 9-2 Roofing Lumber Demand by Market, 2010-2030 (million board feet)
Table 9-3 Siding Lumber Demand by Market, 2010-2030 (million board feet)
Table 9-4 Other Exterior Finish Lumber Demand by Market, 2010-2030 (million board feet)
Table 9-5 Exterior Finish Lumber Demand by Region, 2010-2030 (million board feet)
10. Interior Finish Lumber
Table 10-1 Interior Finish Lumber Demand by Application, 2010-2030 (million board feet)
Table 10-2 Flooring Lumber Demand by Market & Product, 2010-2030 (million square feet)
Table 10-3 Door & Window Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 10-4 Cabinet Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 10-5 Interior Moulding & Trim Lumber Demand by Market and Product, 2010-2030 (million board feet)
Table 10-6 Other Interior Finish Applications Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 10-7 Interior Finish Lumber Demand by Product, 2010-2030 (million square feet)
Table 10-8 Interior Finish Lumber Demand by Region, 2010-2030 (million square feet)
11. Landscaping & Outdoor Lumber
Table 11-1 Landscaping & Outdoor Lumber Demand by Application, 2010-2030 (million board feet)
Table 11-2 Decking Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 11-3 Fencing Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 11-4 Porch & Patio Lumber Demand by Market & Product, 2010-2030 (million board feet)
Table 11-5 Outdoor Structures Applications for Lumber by Market & Product, 2010-2030 (million board feet)
Table 11-6 Other Outdoor & Nonbuilding Lumber Demand by Product, 2010-2030 (million board feet)
Table 11-7 Landscaping & Outdoor Lumber Demand by Product, 2010-2030 (million board feet)
Table 11-8 Landscaping & Outdoor Lumber Demand by Region, 2010-2030 (million board feet)
12. Regional Trends
Table 12-1 Lumber Demand by Region, 2010-2030 (million board feet)
Table 12-2 Northeast: Lumber Demand by Application, 2010-2030 (million board feet)
Table 12-3 Midwest: Lumber Demand by Application, 2010-2030 (million board feet)
Table 12-4 South: Lumber Demand by Application, 2010-2030 (million board feet)
Table 12-5 West: Lumber Demand by Application, 2010-2030 (million board feet)
13. Industry Structure
Table 13-1 Lumber Sales by Company, 2020 (million dollars)
Table 13-2 US Lumber Production Capacity, 2020: Leading Suppliers (million board feet)
Table 13-3 Selected Mergers & Acquisitions
Table 13-4 Selected Industry Participants
14. Appendix
Table 14-1 Study Scope: US Geographic Regions & Subregions
Table 14-2 Relevant Industry Codes
Table 14-3 Relevant HS Codes
Table 14-4 Abbreviations & Acronyms Used in Study
Table 14-5 Macroeconomic Indicators, 2010-2030 (billion 2012 dollars)
Table 14-6 Population & Households, 2010-2030 (million persons)
Table 14-7 Personal Consumption Expenditures, 2010-2030 (billion 2012 dollars)
Table 14-8 Consumer Financing Environment, 2010-2020
Table 14-9 Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 14-10 Residential Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 14-11 New Housing Indicators, 2010-2030
Table 14-12 Housing Stock by Type, 2010-2030 (million units)
Table 14-13 Residential Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 14-14 Commercial Building Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 14-15 Commercial Building Stock by Type, 2010-2030 (billion 2012 dollars)
Table 14-16 Commercial Building Improvement & Repair Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 14-17 Nonbuilding Construction Expenditures, 2010-2030 (billion 2012 dollars & billion dollars)
Table 14-18 Manufacturers' Shipments, 2010-2030 (billion 2012 dollars & billion dollars)

List of Figures
1. Executive Summary
Figure 1-1 US Lumber Market
2. COVID-19 Pandemic
Figure 2-1 Annual Lumber Demand & Pricing, 2015-2025 (million dollars & dollars per board foot)
3. Overview
Figure 3-1 Lumber Demand, 2000-2020 (million board feet)
Figure 3-2 Lumber Imports: Leading Sources, 2010-2020 (million board feet)
Figure 3-3 Lumber Exports: Leading Destinations, 2010-2020 (million dollars)
Figure 3-4 Lumber Pricing, 2010-2025 (dollars per board foot)
4. Construction Market
Figure 4-1 Key Lumber Uses in the Construction Market
5. Industrial & Commercial Markets
Figure 5-1 Key Lumber Uses in Industrial & Commercial Markets
6. Solid Wood Lumber
Figure 6-1 Solid Wood Lumber Market Share by Company, 2020 (billion dollars)
8. Structural & Framing Lumber
Figure 8-1 Key Lumber Uses in the Structural & Framing Lumber Market
Figure 8-2 - Structural & Framing Lumber vs. Competitive Products: Comparative Growth, 2020-2025 (% CAGR)
9. Exterior Finish Lumber
Figure 9-1 Key Lumber Uses in the Exterior Finish Lumber Products Market
Figure 9-2 Exterior Finish Lumber Demand, 2000-2025 (million board feet)
Figure 9-3 Exterior Finish Lumber & Competitive Products: Comparative Growth, 2020-2025 (% CAGR)
10. Interior Finish Lumber
Figure 10-1 Key Lumber Uses in the Interior Finish Lumber Products Market
Figure 10-2 Interior Finish Lumber & Competitive Products: Comparative Growth, 2020-2025 (% CAGR)
11. Landscaping & Outdoor Lumber
Figure 11-1 Key Lumber Uses in the Landscaping & Outdoor Market
Figure 11-2 Landscaping & Outdoor Lumber & Competitive Products: Comparative Growth, 2020-2025 (% CAGR)
13. Industry Structure
Figure 13-1 Lumber Market Share by Company, 2020 (billion dollars)
Figure 13-2 Lumber Market Leading Supplier, 2020
Figure 13-3 Lumber Market Second Leading Supplier, 2020
Figure 13-4 Lumber Market Third Leading Supplier, 2020
Figure 13-5 Lumber Market Fourth Leading Supplier, 2020
Figure 13-6 Lumber Market Fifth Leading Supplier, 2020

Note: Product cover images may vary from those shown

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  • Canfor
  • Georgia-Pacific
  • Interfor
  • West Fraser Timber
  • Weyerhaeuser
Note: Product cover images may vary from those shown

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