Current Pallet Market Prices
For a 48”x 40” new GMA pallet, the latest pricing has been in the $11.25-$12.50 range, depending on the region of the country you are located in. A heavy-duty block-style pallet, like those used to make pallet pools, pricing would be $25.00 or more.
Wooden pallets range in price from $10-$30 per pallet. Plastic pallets typically cost between $20-$50 per pallet, depending on the size and weight. Metal pallets range in price from $50-$100 per pallet.
In 2020, the global pallet market size was valued at 78 billion U.S. dollars and is expected to reach over 110 billion U.S. dollars by 2027.
Factors Affecting Pallet Costs
One of the biggest things that can affect how much a wood pallet costs is the price of lumber. The industry is experiencing lumber shortages that are driving the price of lumber to record levels. It’s a supply and demand issue. Recycled pallets that need repairs increase labor costs which raise pallet prices. Heat treatment is necessary for wood pallets shipped internationally which adds to the cost.
New wooden pallets cost from £3.90 to £15.90 per unit, and used wooden pallets cost between £4.50 to £10.90 per unit depending on size, weight and load capacity. Understanding your storage needs is essential when choosing a pallet racking system, which impacts cost.
The Potential Profitability of Pallet Businesses
Selling pallets can potentially be profitable depending on your strategy to acquire and sell them. It involves sourcing pallets from retailers, warehouses, and businesses.
Starting a pallet business requires planning and considering market demand, legal requirements, available finance, equipment, and location.