The wood-based panels production in North America has shown fluctuations over the years. In 2023, the production stood at 45.091 million cubic meters. Year-on-year variation indicates a marginal growth of 0.065% from 2022 to 2023, revealing a stabilization trend after a period of decline and minimal growth from 2018 to 2022. The 5-year CAGR up to 2023 was -0.63%, indicating a slight overall downward trend. Forecasting data from 2024 to 2028 suggests minimal growth with a 5-year CAGR of 0.04%, projecting stability in the near term.
Future trends to watch for include potential impacts of environmental policies, technological advancements in production processes, and shifts in market demand influenced by construction and furniture industries. These factors may drive either upward or downward adjustments in production volumes.
