By 2023, the closing inventories for the veneer, plywood, and engineered wood product manufacturing sector stood at approximately 1.172 billion Canadian dollars. The forecasted growth from 2024 to 2028 shows a steady increase: 4.34% growth anticipated in 2025, followed by 4.1% in 2026, 3.9% in 2027, and 3.73% in 2028. The compound annual growth rate (CAGR) over this period is projected to be around 3.9%.

Key future trends to watch:

Emergence of sustainable materials and eco-friendly practices might influence inventory levels and demand.
Pace of technological advancements could enhance production efficiency, affecting inventory accumulation.
Potential impacts of trade policies and global economic conditions on exports and imports.