Overview of Q3 Lumber Prices

The third quarter of 2024 has exhibited mixed trends for lumber prices in France, reflecting fluctuations when compared to both the previous quarter and the same period last year. Understanding these changes is crucial for wholesale timber buyers and suppliers looking to navigate the evolving market landscape.

Oak Lumber Developments

In Q3 2024, ungraded logs for oak experienced a notable increase in price. The price for S20 unedged logs of diameter 40-49 cm rose to €1716/m³, reflecting a 3.6% increase from Q2. However, logs of diameter 50 cm and above saw only a modest rise of 0.6%, reaching €1992/m³. Notably, prices for high-value joinery logs (QBA) also increased, showcasing a 7.1% jump for the 40-49 cm diameter category. These price variations indicate a dynamic market in oak lumber, driven by quality and availability.

Spruce Lumber Price Trends

In contrast to oak, the spruce lumber sector appears to be under pressure, with prices generally declining. Prices for edged quality 0 boards dropped to €352/m³, marking an 11.2% decrease compared to Q2. The decline in spruce prices, particularly for scantlings and beams, suggests an oversupply or reduced demand, creating a challenging environment for suppliers within this segment.

Maritime Pine and Log Prices

Maritime pine lumber prices followed a similar trend as spruce, with slight declines observed. Quality 0A edged boards dropped 1.0% to €415/m³, while logs also faced price reductions, indicating potential challenges in the market. This downward trend could impact wholesale buying strategies, prompting suppliers to reassess their inventory approaches and pricing models to maintain competitiveness.

Changes in Selected Logs

The selected logs’ market showcased broader fluctuations. The QSA/QS1 category (kiln-dried thickness 27-54 mm) experienced a 5.5% decrease compared to Q2, coming in at €1105/m³. Conversely, selected log prices in the six-month open air drying category did not fare much better, recording a 4.3% decline. This trend can have significant implications for merchants who focus on customized timber products, as they may need to adjust their pricing strategies in response to these shifts.

Summary and Implications for Timber Buyers

The third quarter of 2024 presents a complex picture for lumber prices in France. While oak’s market remains resilient, spruce and maritime pine show concerning downward pressures. Such developments necessitate a comprehensive understanding for wholesale timber buyers and suppliers. Decision-makers should consider both current market conditions and projected trends when making procurement choices, ensuring that they remain agile in a landscape characterized by volatility.

Conclusion

As the wood and timber industry continues to experience shifts in pricing patterns, adapting to these changes will be essential for stakeholders in Europe and the U.S. The insights gleaned from Q3 2024 price dynamics serve as a key resource for informed buying decisions and strategic planning.