In 2023, Canada's hardboard production was recorded at 57.12 thousand cubic meters. The forecast for the subsequent years shows a consistent decline in production volumes, decreasing to 52.55 in 2024, 47.98 in 2025, 43.45 in 2026, 38.97 in 2027, and 34.53 in 2028. This reflects significant reductions: approximately 8.0% for 2025, 9.4% for 2026, 10.3% for 2027, and 11.4% for 2028 compared to their preceding years. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual decline of around 8.5%.

Future trends to watch for include:

Fluctuations in global demand and supply chains.
Technological advancements in manufacturing, aiming for efficiency improvements.
Government policies affecting the forestry industry and sustainable production.
Competitive pressures and market shifts towards alternative materials.