OSB (Oriented Strand Board) Price Trend and Forecast

OSB (Oriented Strand Board) Regional Price Overview

Get the latest insights on price movement and trend analysis of OSB (Oriented Strand Board) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

OSB (Oriented Strand Board) Price Trend for the Second Half of 2023

Oriented Strand Board (OSB) is commonly used in construction for sheathing of walls, roofs, and floors, offering structural support and insulation. Its engineered composition, with strands of wood oriented in specific directions, provides strength and stability. OSB is also utilized in furniture manufacturing, packaging, and as a substrate for laminates and veneers. Its affordability and durability make it a preferred choice in various industries requiring sturdy and reliable materials.
 

OSB (Oriented Strand Board) Price Chart

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After unprecedented volatility during the pandemic, oriented strand board (OSB) prices stabilized in the later month of 2023. The moderate rise in the pricing trajectory of oriented strand board (OSB) was attributed to seasonal construction fluctuations and shifting dynamics of consumer demand. However, prices are anticipated to further incline in the upcoming quarter, particularly in the U.S., as the homebuilders ramp up orders to meet the present housing demand.

The U.S. faces a significant shortage of homes, especially with aging properties requiring reconstruction driving oriented strand board (OSB) sales. Despite current stability, the traders were concerned about the limited availability of the commodity and constrained supply from the overseas players. The manufacturers also quoted that the production has declined substantially due to various factors, including forest policies and reduced timber supplies, although the remaining mills aim to scale up operations in 2024 with the rise in demand and expected increase in the pricing quotations.

Analyst Insight

According to Procurement Resource, the price of OSB (Oriented Strand Board) is estimated to register a gradual incline in the upcoming quarters with the rise in the advents of construction projects and slow supply rates across the globe.

Procurement Resource provides latest prices of OSB (Oriented Strand Board). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.