Global Softwood Lumber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Softwood Lumber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Softwood is usually wood from gymnosperm trees such as pines and spruces, which are generally most used by the construction industry and are also used to produce paper pulp, and card products.

Softwood lumber are resistant to decay and chemical attack. In addition to corrosion to concentrated nitric acid, concentrated sulfuric acid, chlorine, and iodine, they have no chemical effect on water, grease, gasoline, organic acids, salts, and esters. Therefore, they have a wide range of uses, such as bottle making stoppers, insulation for freezing equipment, life buoys, sound insulation panels, etc.
Softwood lumber is the source of about 80% of the world's production of timber, with traditional centers of production being the Baltic region (including Scandinavia and Russia), North America and China. Softwood is typically used in construction as structural timber, as well as finishing timber.

Market Overview:

The latest research study on the global Softwood Lumber market finds that the global Softwood Lumber market reached a value of USD 52183.31 million in 2022. It’s expected that the market will achieve USD 73457.4 million by 2028, exhibiting a CAGR of 5.86% during the forecast period.

The outbreak of COVID19 affect softwood import and export trad

There is no doubt that the outbreak of COVID19 has brought obvious pressure to the global softwood market. Affected by lock-ups, extended holidays and postponed work recovery, the production and operating activities of the softwood lumber industry and trade are also severely affected. At present, production of cork board processing enterprises is stagnant or insufficient work. Taking the Chinese market as an example, according to a survey conducted by the China Coniferous Wood Protection Industry Association (2020), nearly half of the companies stated that the epidemic had a great impact on their production and their business almost stopped. Most companies are facing shortages of raw materials, labor shortages, shortage of working capital and rising freight costs. In the export trade of wood and wood products, the epidemic has led to a reduction in the efficiency of transportation and port unloading, and the export orders of wood processing enterprises have been significantly reduced.

Softwood lumber companies are undergoing a reshuffle.

After the outbreak of COVID19, global cork sales are expected to increase significantly. The global cork market was weak during the epidemic, and cork companies in various countries have cut the production and export amount. Many small companies even went bankrupt because the lack of cash flow. To some extent, the cork market has also undergone a reshuffle. After the outbreak, it is a great opportunity for companies that can survive.

Strength

Renewable natural resource.
Low maintenance cost.
Technology advantage.
Mature supply chain.
Strong downstream demand.
Complete industrial infrastructure.

Weakness

Highly labor cost and the product price.
High shipping cost.
Long harvest period.
Fierce competition.

Opportunity

Industrial integration.
Large global demands.
Update products.
Oversea market development.

Threat

Destruction of the natural environment.
Cross-border trade barriers.
Regulations to restraint the industry.
Low product differentiation.

Region Overview:

North America is projected to account for a considerable share of the Softwood Lumber market and is expected to become the largest region by 2028.

Company Overview:

West Fraser Timber is one of the major players operating in the Softwood Lumber market, holding a share of 5.36% in 2023.

West Fraser Timber

West Fraser Timber produces dimension lumber and related wood products, fiberboard, pulp, linerboard, kraft paper, and newsprint. The Company has operations in British Columbia, Alberta and in the southern United States.

Canfor corpor

Canfor is a global leader in producing sustainable wood-building solutions. Canfor is driving the demand for green building products around the world. It is an integrated forest products company that produces and supplies SPF lumber, oriented strand board, plywood, kraft pulp and kraft paper.

Segmentation Overview:

By type, Pine segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Construction segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Softwood Lumber market covered in Chapter 3:

EACOM Timber Corporation
Moelven Group
Pfeifer Holz
SCA Timber
Binderholz
Sierra Pacific Industries
Ilim Timber
Georgia-Pacific
Canfor corporation
Interfor Corporation
West Fraser Timber
Weyerhaeuser
Metsä Fibre
Western Forest Products
Tolko Industries
Södra Timber
Stora Enso
HS Timber Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Softwood Lumber market from 2018 to 2029 is primarily split into:

Fir
Cedar
Pine
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Softwood Lumber market from 2018 to 2029 covers:

Construction
Packaging
Manufacturing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)