Global price of Soft Sawnwood, Average of Softwoods,
PSAWOREUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
325.09
Year-over-Year Change
5.73%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Global price of Soft Sawnwood, Average of Softwoods' trend measures the average global price for a standard unit of softwood lumber. This metric is closely watched by economists and policymakers as a key indicator of global timber and construction industry activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This trend represents the average price paid for softwood lumber products, such as pine and fir, in global export markets. It is a widely used benchmark for the state of the global timber trade and construction activity, which have important implications for employment, inflation, and economic growth.
Methodology
The data is collected and aggregated by the World Bank from various international sources.
Historical Context
Policymakers and industry analysts monitor this trend to assess global supply and demand conditions in the timber and construction sectors.
Key Facts
- Softwood lumber is a key input for residential and commercial construction.
- Global softwood lumber prices peaked in 2021 due to pandemic-related supply chain issues.
- The United States is a major importer of softwood lumber from Canada and other countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average global price paid for standard units of softwood lumber products, such as pine and fir, in international export markets.
Q: Why is this trend relevant for users or analysts?
A: The global price of softwood lumber is a key indicator of activity in the global timber trade and construction industry, which have important implications for employment, inflation, and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the World Bank from various international sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to assess global supply and demand conditions in the timber and construction sectors, which inform decisions on trade, infrastructure, and economic stimulus policies.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, and may not fully capture short-term price fluctuations in regional or local markets.
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Citation
U.S. Federal Reserve, Global price of Soft Sawnwood, Average of Softwoods (PSAWOREUSDM), retrieved from FRED.