Global price of Soft Sawnwood, Average of Softwoods,
This dataset tracks global price of soft sawnwood, average of softwoods, over time.
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.
Related News
U.S. Stocks Hit Records; Gold Surges, Bitcoin Declines
U.S. Stock Market Soars Amid Treasury Yield Concerns Despite ongoing global uncertainties, the U.S. stock market has defied expectations, setting unprecedented records this year. The surge of the stock indices reflects the market's buoyancy despite economic fluctuations. Major indicators like the Dow Jones, S&P 500, and Nasdaq have all reached new highs, signifying the resilience of equities in the current financial landscape. Meanwhile, gold prices have surged, reinforcing its status as a safe
US economic growth slows amid rising inflation concerns
US Economic Growth Slows Amid Inflation and Rising Interest Rates The US economy, a crucial indicator of its global standing, is facing a slow growth trajectory. Recent data suggest that inflationary pressures and rising interest rates are the chief culprits in this deceleration. With the Consumer Price Index reflecting heightened inflation and the Federal Reserve adjusting interest rates, the interplay of these factors raises significant concerns for economic stability. These developments furt
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
U.S. Natural Gas Storage Increases Due to Market Dynamics
Navigating Market Volatility: U.S. Natural Gas Storage Strategies and Trends Understanding the dynamics of the U.S. natural gas storage sector is crucial as it plays a central role in shaping the energy market. The storage of natural gas is not just about logistics; it represents a strategic resource ensuring energy availability and stability in times of fluctuating supply and demand. Market volatility affects the price and availability of natural gas, and by extension, decisions regarding its
U.S. Natural Gas Prices Rise Due to Warmer Weather Forecasts
U.S. Natural Gas Prices Surge: Economic and Weather Patterns at Play The current surge in U.S. natural gas prices is reshaping the energy market landscape. Recent weather forecasts, combined with robust economic patterns, are pushing these prices skyward, affecting individuals and industries alike. This uptrend intertwines with broader energy market dynamics, such as climate patterns and economic impacts. Understanding these interconnected factors helps explain the increasingly volatile natural
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Federal Reserve, Global price of Soft Sawnwood, Average of Softwoods (PSAWOREUSDM), retrieved from FRED.