Average Wooden Pallets Prices January 2023
Wooden pallet prices reached record highs in 2021-2022. This had a lot to with supply chain issues and material shortages. Coming into the 2023 pallet prices have begun to stabilize and return back to lower prices across the country. Local pallet yards are selling and paying less and less for recycled wooden pallets.
What does this mean for companies looking to buy pallets?
Anyone in the market last year can tell you how much of a struggle it was to find affordable pallets. With shortages nationwide many pallet companies took advantage of this and were charging borderline outrageous prices. Many of the top pallet companies in the country were selling Grade B Pallets for over $20+ dollars in parts of the country such as California, Washington, and Massachusetts. On top of that even at those prices they were selling out of inventory.
It may be a good idea to shop around a bit this year and make sure you are not getting taken advantage of and still paying a premium price when pallet prices are dropping nationwide.
What does this mean for Pallet Yards and Manufacturers ?
Pallet companies are not going to be able to sell their pallets are not going to be able to continue selling pallets at the same prices as they were last year. In order to be competitive prices are going to have to come down a bit.
That being said pallet yards can also drop the amount of money they are paying for used wooden pallets and cores. I remember in 2022 in California, local pallet yards were paying up to $8-10 dollars per pallet core. In many cases pallet yards can go back to paying a couple dollars per pallet or simply offering free pick ups
Will I get charged for pallet removal and recycling?
In most cases no. Almost ever pallet company will still offer a free pick up. If your company is used to having someone pay you to pick up and recycle your wooden pallets, this will likely still continue. That being said rebates may be lower
Chart of Pallet Prices in January 2023