In 2023, Oriented Strand Board (OSB) production in Canada stood at an estimated 7.42 million cubic meters. Forecasts indicate a steady increase in production volume from 2024 to 2028, with a projected growth of approximately 2% per year. By 2028, production is expected to rise to 8.12 million cubic meters.
Key trends and insights:
- Annual growth is consistently positive, signifying robust demand and production capabilities in Canada.
- The Compound Annual Growth Rate (CAGR) from 2024 to 2028 approximates around 1.8%, highlighting moderate yet steady expansion.
Future trends to watch include fluctuations in global demand for engineered wood products, potential regulatory or environmental impacts, and technological advancements improving production efficiency and sustainability.
