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U.S. Sawmill Products Market. Analysis And Forecast to 2030
Report Update: Nov 1, 2024

U.S. Sawmill Products Market. Analysis And Forecast to 2030

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Jul 8, 2021

Prices in the American Sawnwood Market Went Through the Roof Amid Construction Boom

IndexBox has just published a new report: 'U.S. Sawmill Products Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

In 2020, the construction boom in the U.S. set off an unprecedented demand for sawnwood, outpacing the rate of recovery from disruptions due to Covid. With stocks depleting, product prices have skyrocketed over the previous year. From February 2021, lumber mill utilization began to fall following a softened activity in the construction sector. According to the results of the year, growth in the sawnwood market is predicted, stimulated by a continuing increase in construction.

Key Trends and Insights

The construction boom in the U.S. has driven a record demand for sawnwood in 2020. Throughout the year lumber mills were at 80-90% utilization. Sawnwood production increased by 5% y-o-y compared to 2019 and reached 71M tons. Lumber futures on the Chicago Mercantile Exchange peaked at $1,515 in May 2021, up 300% from the same period in 2020.

The maximum utilization of lumber mill capacities was suitable in January 2021 (92%), but in February it dropped to 83%, and lumber production declined due to a curtailment in demand from the construction sector. Despite the record demand for new housing, construction companies are slowing down their activity due to land shortages, rapidly growing material costs and labor shortages.

In March 2021, there was a drop in sales for single-family houses, which was caused by a shortage of ready-made houses on the market. In some areas, the situation is so tense that some buyers are applying for all free lots, which very quickly sell out. Against the background of increased demand, housing prices continue to rise, which alongside rising food prices, accelerates inflation.

The high vaccination rate in the U.S. allows to expect a gradual return to normal activities, which will support economic growth. The housing shortage will remain in the coming years, which will stimulate growth in construction and increase the demand for sawnwood. The American sawnwood market is expected to grow at an average annual CAGR of 3.4% and to reach 101M tons by 2030.

American Sawnwood Market Size

The U.S. sawmill product market was estimated at $28.7B in 2020, increasing by 4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.5% from 2013 to 2020.

Imports into the U.S.

In 2020, supplies from abroad of sawmill products decreased by -11.2% to 9.3M tons, falling for the second consecutive year after three years of growth. In value terms, sawmill product imports totaled $5.8B (IndexBox estimates) in 2020.

In 2020, Canada (8.6M tons) was the main supplier of sawmill product to the U.S., accounting for a 92% share of total imports. It was followed by Brazil (258K tons), with a 2.8% share of total imports.

In value terms, Canada ($5.2B) constituted the largest supplier of sawmill product to the U.S., comprising 90% of total imports. The second position in the ranking was occupied by Brazil ($128M), with a 2.2% share of total imports.

In 2020, the average sawmill product import price amounted to $626 per ton, picking up by 13% against the previous year. Over the last seven years, it increased at an average annual rate of +2.4%.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Canada ($612 per ton), while the price for Brazil amounted to $496 per ton. From 2013 to 2020, the most notable rate of growth in terms of prices was attained by Canada.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sawmill product market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • NAICS 321113 - Sawmills

Companies mentioned:

  • Sierra Pacific Industries
  • Swanson Group
  • Anderson-Tully Company
  • Rsg Forest Products
  • Stimson Lumber Company
  • The Langdale Company
  • Forest Anthony Products Company
  • Jordan Lumber & Supply
  • Allegheny Wood Products
  • Vaagen Bros. Lumber
  • S.D.S. Lumber Co.
  • Mg Building Materials
  • Anthony Timberland
  • Manke Lumber Company
  • Idaho Forest Group
  • New South Companies
  • Southeast Wood Treating
  • Elliott Sawmilling Co.
  • Neiman Enterprises
  • Anthony Timberlands
  • Seneca Sawmill Company
  • Simpson Timber Company
  • Hixson Lumber Sales
  • Boise Building Solutions Manufacturing
  • Plum Creek Timberlands
  • Plum Creek Manufacturing
  • Domtar Paper Company
  • New South Lumber Company
  • Alta Forest Products

Country coverage:

  • United States

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the U.S.
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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