As we wrap up 2024, the used pallet market continues to reflect a shift from the volatile price surges seen in 2021 and 2022. While prices for new pallets have seen some increase, it’s clear that the market is stabilizing after the height of the pandemic-driven supply chain disruptions. However, a key trend to note is the growing indication that prices for Grade A and Grade B pallets are likely to rise again in the coming months, making it essential for businesses to stay ahead of the curve.
Pricing Factors
The uptick in new pallet prices observed in 2024 follows a period of market correction after the extreme highs in 2021-2022. During that time, supply chain issues and heightened demand led to a surge in pallet prices, and the industry saw an influx of capital investments and new players. This led to an oversupply of pallets, resulting in the lower pricing we saw in 2023 and early 2024.
However, as the market starts to normalize, we’re seeing a shift in the balance of supply and demand. While new pallet prices have slightly risen, there’s a growing indication that the prices for Grade A and Grade B pallets, in particular, may start to rise again across the country. This could be due to several factors, including stronger demand as businesses ramp up production and a tightening of supply due to more efficient inventory management practices at pallet yards. This means that buyers may face increased costs for these higher-quality pallets in the coming months.
Here are the average used pallet prices by month for 2024
Price By State
Here are the average prices by state for December 2024:
Alabama
New: $8.00
Grade A: $5.20
Grade B: $3.70
Pallet Cores: $1.15
Alaska
New: $9.50
Grade A: $7.50
Grade B: $5.00
Pallet Cores: $1.80
Arizona
New: $8.00
Grade A: $5.30
Grade B: $3.80
Pallet Cores: $1.05
Arkansas
New: $7.85
Grade A: $5.10
Grade B: $3.60
Pallet Cores: $1.00
California
New: $9.20
Grade A: $7.10
Grade B: $5.30
Pallet Cores: $1.90
Colorado
New: $8.15
Grade A: $6.50
Grade B: $4.20
Pallet Cores: $1.60
Connecticut
New: $8.50
Grade A: $6.50
Grade B: $4.10
Pallet Cores: $1.50
Delaware
New: $8.30
Grade A: $7.00
Grade B: $4.00
Pallet Cores: $1.20
Florida
New: $8.40
Grade A: $6.30
Grade B: $4.70
Pallet Cores: $1.10
Georgia
New: $8.60
Grade A: $6.50
Grade B: $4.10
Pallet Cores: $1.30
Hawaii
New: $9.80
Grade A: $7.80
Grade B: $5.50
Pallet Cores: $1.90
Idaho
New: $8.10
Grade A: $5.50
Grade B: $3.80
Pallet Cores: $1.30
Illinois
New: $8.05
Grade A: $5.10
Grade B: $3.50
Pallet Cores: $1.00
Indiana
New: $8.00
Grade A: $5.30
Grade B: $3.80
Pallet Cores: $1.05
