Softwood Lumber: Market Size & Forecast 2026

The global softwood lumber market reached approximately USD 320 billion in 2025 (base year), held in a structurally tight balance between North American sawmill curtailments, US-Canada Section 232 tariff escalation, and a US housing underbuild that is sustaining repair-and-remodel demand even as new-construction starts remain constrained by elevated borrowing costs. SPF 2x4 #2&Btr kiln-dried random-length framing lumber, the category's primary price benchmark, The Framing Lumber Composite Index traded at USD 520/MBF in early July 2026, and 2x4 western SPF kiln-dried #2&Btr traded at USD 500/MBF. In addition, Canadian lumber imports are subjected to Countervailing and Antidumping duties (Softwood Lumber Dispute), not Section 232 duties., reflecting the combined weight of mill supply discipline, elevated stumpage fees, and Section 232 duties on Canadian imports [Claight estimate: priced fr

Get in touch and our analysts will be happy to help with custom market sizing, deeper segmentation, supplier detail or a bespoke study built for you.