The import of Wood Oriented Strand Board (OSB) to the UK is forecasted to grow steadily from 2024 to 2028. The annual growth rate is moderate, with a forecast from 326.27 to 348.63 thousand cubic meters in the specified period. The growth trend suggests a consistent year-on-year increase of approximately 1.73% on average. In 2023, the import volume was lower than 326.27 thousand cubic meters, indicating a positive growth trajectory starting from 2024. The average CAGR over five years underscores a stable upward movement in demand.
Future trends to watch for:
- Market demand driven by construction industry improvements or policy changes.
- Impact of Brexit on import tariffs and trade agreements affecting supply.
- Sustainability movements and their influence on wood product imports.
- Technological advancements in OSB production affecting quality and price.
