| Product | Category | Region | Price | Last Updated Month |
| OSB | Packaging | China | USD 445/MT | September 2025 |
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OSB prices moved slowly but with steady improvement across the said year. The market started the year on weak footing because overall wood product demand had been soft through 2024. High interest rates and slow renovation activity also kept buyers cautious. But as the year went on, several forces helped OSB find firmer ground.
Housing activity stayed surprisingly resilient, especially in the single-family market, where builders continued using incentives to support sales. Even though mortgage rates stayed above comfortable levels, they eased bit by bit through the year as economic uncertainty cooled. This supported a gradual pickup in construction and helped lift demand for OSB. Repair and remodelling work also inched higher as consumers gained confidence and income growth stayed positive.
On the supply side, earlier mill closures in softwood lumber signaled the broader pressure the industry had faced, but OSB capacity stayed tighter and more disciplined. Projects like the proposed OSB plant in Prince Albert showed that long-term interest in OSB production remained, though investment slowed because of tariff concerns. This balance of cautious supply and slowly rising demand helped OSB prices trend upward through the year, though gains stayed modest.
Analyst Insight
According to Procurement Resource, OSB prices are likely to keep steady and show slow improvement in the coming months, supported by steady housing demand and disciplined mill output.
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OSB prices in 2024 moved lower for most of the year as global and regional markets slowed. International trade in wood-based panels dropped, and overall demand weakened because of slower economic growth and higher interest rates. Many countries saw reduced activity in construction and renovation,
which kept buyers cautious and pushed OSB prices down from the strong levels seen in 2021–2022. The decline in global trade happened faster than the drop in volumes, which showed that prices had softened across many wood products, including OSB.
Producers also felt pressure. Companies in Europe and North America reported lower demand for OSB and other panel products, and markets such as Ireland, the UK, and the EU saw price reductions. Even though a few regions, like Asia-Pacific, increased panel output slightly, this was not enough to lift global pricing. At the same time, some planned OSB projects in Canada slowed because of tariff concerns, which kept future supply uncertain but did not prevent prices from falling in 2024.
Later in the year, some North American analysts noted early signs of firmer OSB markets as mills reduced shipments and order files lengthened, but this improvement came only near the end of 2024.
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