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Global Softwood Sawn Timber Market (2023 Edition): Analysis By Value & Volume, Pricing, Type (Fir, Cedar, Pine, Treated Lumber, Redwood, Others), End User Industry, By Region, By Country: Market Insights and Forecast (2019-2029)

Category: Manufacturing and Construction

Publish Date: July 2023

No. of Pages: 240

Format: Pdf

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What is Softwood Sawn Timber?

Softwood is wood from gymnosperm trees such as conifers. The term is opposed to hardwood, which is the wood from angiosperm trees. Softwood is the source of about 80% of the world's production of timber, with traditional centres of production being the Baltic region (including Scandinavia and Russia), North America and China. Softwood is typically used in construction as structural carcassing timber, as well as finishing timber.

Examples of softwood trees are cedar, Douglas fir, juniper, pine, redwood, spruce, and yew. Most hardwoods have a higher density than most softwoods. Most softwoods have a lower density than most hardwoods. Hardwood is typically more expensive than softwood.

Global Softwood Sawn Timber Market Overview

The Global Softwood Sawn Timber market showcased growth at a CAGR of 20.22% during 2019-2022. The market was valued at USD 111.69 Million in 2022 which is expected to reach USD 456.11 Million in 2029. The rising population, as well as the growing urbanization, are driving up the Softwood Sawn Timber market. Due high scale urbanization and increasing global demand for construction there is increase in demand for the softwood sawn timber globally.

The Global Softwood Sawn Timber Market is expected to grow in the forecast period and register a market value of USD 456.11 Million in 2029 at a CAGR of 23.10% during the forecast period. Softwood Sawn timber is a versatile product that is used in various application. Softwood Timber is most associated with the construction and renovation work in worldwide. One of the main proponents for the growth of the softwood sawn timber market is also the demand for the softwood in the furniture industry of Americas.

Due to rise in global population and rapid urbanization there is increase in demand for the softwood in construction industry for making cross wooden beams and cross lamented wooden bars. Additionally, furniture industry is also using softwood due to its durable and flexible property.

Increasing demand for the Softwood in Packaging Industry

Wood packaging material sometimes referred to as Non-Manufactured Wood Packing (NMWP) or Solid Wood Packing Material (SWPM), is a mostly softwood. Increasing industrial product packaging demands has brought variety of rigid and flexible packaging designs in the market. Packaging is important aspect for safety of products. It allows clean transition with less interference of human contact. Also, it provides advantage while sailing of the products. For shipping of larger consignments, rigid packaging materials are used like softwood which are driving the demand for the softwood.

In the wood packaging industry, softwood is the most popular choice because of how quickly it grows. This makes it the more sustainable choice and better for the environments. Softwood makes up about 80% of the wood used in the manufacturing and wood packaging industries. Hardwood is used the other 20%, generally by special request.

Innovative bio-based materials as substitutes for polymers derived from fossil fuels for packaging applications have been developed in response to growing environmental concerns from businesses and consumers which are increasing the demand for wood packaging solutions. 

Rising Environmental Concerns

One of the primary environmental concerns associated with the softwood timber market is deforestation. The demand for softwood timber, particularly for construction and wood products, can lead to the conversion of natural forests into timber plantations or cleared land. Deforestation results in the loss of biodiversity, disruption of ecosystems, and the release of carbon dioxide into the atmosphere, contributing to climate change.

Forests play a vital role in mitigating climate change by absorbing and storing carbon dioxide. The softwood timber market, particularly if unsustainable logging practices are employed, can contribute to increased greenhouse gas emissions. Additionally, deforestation reduces the capacity of forests to act as carbon sinks, exacerbating climate change.

Environmental concerns also arise from illegal logging and the associated illegal timber trade. Illegal logging undermines sustainable forest management efforts, leads to deforestation, and often involves associated activities like corruption, habitat destruction, and the exploitation of local communities.

Segment-Wise Insights

The Cedar Softwood segment accounts for USD 32.89 Billion in 2022.

The demand for cedar softwood globally is driven by its attractive appearance, durability, and natural resistance to decay and insect infestation. Cedar wood is often used in outdoor construction applications such as decking, fencing, and siding due to these properties.

Cedar wood is also used in the manufacturing of furniture, cabinetry, and decorative items because of its unique grain patterns and colour variations. Additionally, cedar wood is commonly used in the production of essential oils, which are used in aromatherapy, perfumes, and other products. This propels the demand for the cedar softwood globally.

The Construction Industry shows fastest growth in softwood sawn timber market.

The demand for softwood in construction globally is quite high. Softwoods such as pine, spruce, and fir are commonly used in the construction industry for a wide range of applications, including framing, roofing, flooring, and structural applications.

In North America, softwood lumber is widely used in residential construction, accounting for a significant portion of the market. In Europe, softwood is also popular for construction purposes, particularly in the Nordic countries where it is abundant, and traditional wooden buildings are prevalent.

Overall, the demand for softwood in construction globally is likely to remain strong due to its versatility, affordability, and sustainability compared to other building materials.

Regional Insights   

According to Azoth Analytics Estimates, the Asia Pacific accounts for the largest revenue share in 2022. The demand for softwood sawn timber in the Asia Pacific region is primarily driven by a number of factors. One of the main reasons is the rapid economic growth and urbanization in many countries in the region, such as China, India, and Southeast Asian nations. This has led to an increased demand for construction materials, including softwood sawn timber, which is used for building homes, offices, and other structures.

In addition, the Asia Pacific region is home to some of the largest forestry industries in the world, with countries like Canada, Russia, and the United States exporting large quantities of softwood sawn timber to the region. This has helped to meet the growing demand for softwood sawn timber in the region.

Competitive Landscape

Global Softwood Sawn Timber Market is fragmented with the top 10 leading companies accounting for a significant revenue share in the year 2022. Leading companies and brands in the market are executing different strategies and partnerships to strengthen their foothold and increase their competitiveness and product offerings in the market.

West Fraser Timber Co Ltd, Canfor Corporation, Weyerhaeuser Company are among the leading companies in the Global Softwood Sawn Timber Market.

Leading companies in the Global Softwood Sawn Timber Market include:

West Fraser Timber Co Ltd 

Canfor Corporation 

Weyerhaeuser Company 

Stora Enzo Ojy 

Interfor Corporation

Svenska Cellulose AB

Metsä Group 

Holmen AB 

Sierra Pacific Industries 

Binderholz Gmbh

Recent Developments in the Global Softwood Sawn Timber Market

  • In January 2023, Following extensive analysis of its operating footprint and the long-term supply of economic residual fibre, Canfor Pulp Products Inc.  is announcing the decision to permanently close the pulp line at its Prince George Pulp and Paper Mill, which will result in a reduction of 280,000 tonnes of market kraft pulp annually. 
  • In June 2023, Vida Skog announced the increase of the wood prices in Sweden, prices for the regular spruce and pine lumber will be increased by SEK 140 per m3fub ($12.8 per m3 of wood excluding bark) and the prices for logs by SEK 70 ($6.4) per m3fub. The price increases apply to Götaland region of Sweden.
  • In June 2023, As May drew to a close the sales of lumber across North America remained quite low for the time of year. Wildfires in Alberta decreased somewhat but were still a huge problem, as major forest fires erupted in Nova Scotia. Sawmill operators and forest technicians alike expressed great alarm at this fierce and very early fire season. Indeed, those in Alberta say the fires there will not be put out until the end of summer. 

Segmentations in the Report

By Type

  • Fir
  • Cedar
  • Pine
  • Treated Lumber
  • Redwood
  • Other Types

By End User Industry

  • Construction Industry
  • Packaging Industry
  • Manufacturing Industry
  • Other End User Industries

By Region

  • Americas
  • Europe
  • Asia-Pacific
  • Middle East & Africa


Frequently Asked Questions

1. What is the expected market value of the Global Softwood Sawn Timber Market in 2029?

Global Softwood Sawn Timber Market is expected to be valued at USD 456.11 Million in 2029. 

2. At what growth rate is Global Softwood Sawn Timber Market expected to grow in the forecast period?

During 2024-2029, Global Softwood Sawn Timber Market is expected to grow at a CAGR of 23.10%.

3. Which Region dominates the Global Softwood Sawn Timber Market?

Asia Pacific contributes the largest revenue share in the Global Softwood Sawn Timber Market and is expected to continue in the forecast period as well.

4. Which are the leading companies in the Global Softwood Sawn Timber Market?

The leading companies in Global Softwood Sawn Timber Market are West Fraser Timber Co Ltd, Canfor Corporation, Weyerhaeuser Company, Stora Enzo Ojy. Interfor Corporation, Svenska Cellulose AB, Metsä Group., Holmen AB, Sierra Pacific Industries and Binderholz Gmbh.

5. At what rate will China’s Global Softwood Sawn Timber Market Grow?

During 2024-2029, China’s Global Softwood Sawn Timber Market is expected to grow at a CAGR of 30.79%

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