In recent years, the wood flooring industry has experienced a steady upward trend in prices, driven largely by rising raw material costs. Solid wood flooring and engineered wood flooring have seen price increases of over 20%, with many options now positioned at the lower end of the market. Meanwhile, laminate and composite wood flooring have remained relatively stable, as they face pressure from both rising material costs and competitive market forces. Some products within these categories saw modest price hikes.
One of the main reasons for the increase in solid wood flooring prices is the scarcity of timber resources, combined with a continuous rise in the cost of wood planks. For example, solid wood flooring made from teak and rosewood—commonly sourced from Southeast Asia—has increased by an average of 80 yuan per square meter. Popular choices like acacia and maple have also risen by about 40 yuan per square meter. Top-tier brands such as Nature Floors and Shellac Floors have even seen their prices exceed 60 yuan per square meter.
Laminate flooring has also played a significant role in driving up overall wood flooring prices. In 2013, after a period of stability, the average price of 8mm and 12mm reinforced laminate flooring began to rise again in June, reaching levels higher than previous years. Prices increased by more than 5% during this time, while top brands like Iconostasis and Shellac Flooring saw even steeper gains, with some products increasing by over 10%. This made them among the fastest-growing segments in the composite flooring market.
According to industry sources, following September 2013, the price of multi-layer solid wood flooring—another type of composite wood flooring—also saw a slight increase. However, the overall trend for wood flooring prices continues to show a steady upward movement, reflecting ongoing supply chain pressures and growing demand. As consumers become more aware of quality and sustainability, the market is likely to see further adjustments in pricing strategies in the coming months.
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