The average Christmas tree price is expected to top $80 this year, and the 2008 recession is partially to blame.
The average live Christmas tree price is expected to top $80 this year, according to industry experts who say the 2008 economic recession is largely to blame for a smaller supply of available trees.
Though a $3 price increase may not sound like much, the average cost of a live Christmas tree about doubled over the previous four years, according to the study’s past findings, with the average tree in 2014 costing $39.50. Difficult growing conditions ― including wildfires, drought and excessive rainfall ― have led to fewer trees being available and some growers going out of business, including in parts of Oregon, California, Indiana and West Virginia. But the smaller supply is also linked to the 2008 economic recession, Hundley said.
“We have less trees to harvest than we did 10 years ago but that is a good thing. That means we are selling most of the trees that are harvestable. We do not have an oversupply,” he said. “It’s pretty ugly when you get an oversupply. We pretty much had one for several years.”
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