In 2023, US hardwood lumber sales stood at 4.8334 billion USD. Historically, the year-on-year growth has been variable, with significant fluctuations observed across the past decade. The most recent two-year variation shows a decrease of 3.98% in 2021 followed by a 6.35% increase in 2022 and a slight 1.01% rise in 2023. The five-year CAGR leading up to 2023 is 1.07%, indicating moderate growth overall.
Forecasts suggest continued growth in hardwood lumber sales, reaching 5.0459 billion USD by 2028, with a 0.74% CAGR over the next five years. Future trends to watch include the impact of sustainability initiatives, fluctuations in housing market demands, and potential trade policy changes.
