After seeing all time highs in 2021-2022 pallet prices began to drop down the lower prices across the board in 2023. While this was great for companies purchasing pallets, many pallet yards were hit hard by this sudden drop.
The lower prices in 2023 came as s shock to many pallet yards. Although it is not so much a price drop but more so aa stabilization and return to normal price correction. Supply chain issues and the pandemic had caused prices to sky rocket. Which in turn let to a flood of Venture Capital money and accusation’s in the pallet industry. This allowed larger players in the industry’s such as 48 Forty and Kamps Pallets to open dozens of new location across the united states. Additionally many more smaller yards opened up as they were trying to capitalize on this pallet gold rush. That lead to an oversupply of pallets and an increase in production of used wooden pallets.
In 2021 supply was the issues for pallet yards, in 2023 demand has become the problem. Many yards have had to drop prices significantly and companies and able to find used pallets at cheaper prices. This trend will likely continue into 2024.
Below is the average prices we sold pallets at in each state
Alabama
New: $7.25
Grade A: $5.15
Grade B: $3.75
Pallet Cores: $1.15
Alaska
New: $8.50
Grade A: $6.50
Grade B: $4.50
Pallet Cores: $1.50
Arizona
New: $6.50
Grade A: $4.50
Grade B: $3
Pallet Cores: $0.75
Arkansas
New: $5.50
Grade A: $4.50
Grade B: $3
Pallet Cores: $0.75
California
New: $8.77
Grade A: $7
Grade B: $5.50
Pallet Cores: $2
Colorado
New: $7.25
Grade A: $6.75
Grade B: $4.25
Pallet Cores: $1.75
Connecticut
New: $8.50
Grade A: $6.50
Grade B: $4
Pallet Cores: $1.50
Delaware
New: $8.25
Grade A: $7.25
Grade B: $3.75
Pallet Cores: $1.10
Florida
New: $8
Grade A: $6
Grade B: $4.50
Pallet Cores: $1
Georgia
New: $8.75
Grade A: $6.75
Grade B: $3.25
Pallet Cores: $0.90
Hawaii
New: $9.50
Grade A: $7.50
Grade B: $5
Pallet Cores: $1.75
Idaho
New: $7.25
Grade A: $5.25
Grade B: $3
Pallet Cores: $1.50
Illinois
New: $7
Grade A: $5
Grade B: $3.50
Pallet Cores: $1
Indiana
New: $7.75
Grade A: $4.75
Grade B: $3.25
Pallet Cores: $0.90
Iowa
New: $7.75
Grade A: $5.75
Grade B: $4.25
Pallet Cores: $0.90
Kansas
New: $8.75
Grade A: $6.75
Grade B: $3.25
Pallet Cores: $0.90
