Global price of Hard Sawnwood, Dark Red Meranti
PSAWMALUSDM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
738.64
Year-over-Year Change
6.62%
Date Range
1/1/1990 - 6/1/2025
Summary
The 'Global price of Hard Sawnwood, Dark Red Meranti' series tracks the international market price of this valuable tropical hardwood. It provides insight into supply and demand dynamics for this key construction material.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Hard sawnwood from the Dark Red Meranti tree species is an important global commodity used extensively in furniture, cabinetry, and high-end construction. This price index reflects wholesale market conditions for this sought-after tropical timber product.
Methodology
The data is collected through surveys of international wholesale wood markets.
Historical Context
This price trend is closely monitored by forestry economists, policymakers, and industry participants.
Key Facts
- Dark Red Meranti is a prized tropical hardwood from Southeast Asia.
- Sawnwood prices reflect global supply and demand for construction materials.
- Forestry is a key industry in many developing economies.
FAQs
Q: What does this economic trend measure?
A: This series tracks the global wholesale price of hard sawnwood from the Dark Red Meranti tree species, an important tropical hardwood used extensively in construction and furniture.
Q: Why is this trend relevant for users or analysts?
A: This price index provides insight into supply and demand dynamics for a globally-traded, high-value forestry commodity, which is closely monitored by industry participants, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of international wholesale wood markets.
Q: How is this trend used in economic policy?
A: This price index is used by forestry economists, industry analysts, and policymakers to assess market conditions and trends in the global tropical timber trade.
Q: Are there update delays or limitations?
A: The data may have some delay in reporting due to the nature of surveying international wholesale markets, but it provides a reliable gauge of global sawnwood price movements.
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Citation
U.S. Federal Reserve, Global price of Hard Sawnwood, Dark Red Meranti (PSAWMALUSDM), retrieved from FRED.