Market research

OSB market in Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

Production of oriented strand board in Asia soared from 2 035 thousand m³ in 2018 to 11 606 thousand m³ in 2023, driving market volume up from 5 322 thousand m³ in 2020 to 12 284 thousand m³ in 2023. During this period, imports fell from 1 368 thousand m³ to 926 thousand m³, indicating that domestic output increasingly supplied the expanding market.

In 2024, imports jumped to 1 823 thousand m³, signaling strengthened demand. This surge was supported by major construction projects in the region, including the Merdeka PNB118 in Malaysia and the GIFT Diamond Tower in India, which increased OSB use for structural applications. Additionally, the market benefited from a global preference for sustainable building materials and product innovations such as the OSB T&G Roofing Board launched by EGGER Group UK, which enhanced installation efficiency and durability.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2020-2024
    3. 4.1.1.3. Exports, 2020-2024
    4. 4.1.1.4. Market size, 2020-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2023, K m³
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2020-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2020-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2020-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2020-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2020-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2020-2024
  4. 6.1.4. Average price of product's imports, $ US/m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2020-2024, $ US/m³
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2020-2024, $ US/m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2020-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2020-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2020-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2020-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2020-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2020-2024
  4. 6.2.4. Average price of product's imports, $ US/m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2020-2024, $ US/m³
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2020-2024, $ US/m³
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2020-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2020-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2020-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2020-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2020-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2020-2024
  4. 7.1.4. Average price of product's exports, $ US/m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2020-2024, $ US/m³
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2020-2024, $ US/m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2020-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2020-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2020-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2020-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2020-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2020-2024
  4. 7.2.4. Average price of product's exports, $ US/m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2020-2024, $ US/m³
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2020-2024, $ US/m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2020-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production OSB in Asia

In kind, 2017-2020, K m³

Top producers of OSB, 2017-2020

Source: SHEV.io

World map of production of OSB, 2017-2020

Source: SHEV.io

OSB production in Asia has increased for the third consecutive year. In 2020, Asia produced 4 107 K m³ of OSB, marking a 17.8% increase from the previous year. Over the period from 2017 to 2020, production grew by 138.1%, with a compound annual growth rate of 33.5%.

Annual dynamics of production in Asia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	18.0%	71.3%	17.8%	33.5%

Source: SHEV.io

Exports OSB from Asia

Exports in kind, K m³

OSB exports from Asia have risen for the third year in a row. In 2020, exports reached 156 K m³, reflecting a substantial increase of 2 441.3% compared to 2019. From 2017 to 2020, exports surged by 82 365.6%, with a compound annual growth rate of 837.8%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	2 790.5%	12.3%	2 441.3%	837.8%

Source: SHEV.io

From 2017 to 2020, the largest buyers of OSB from Asia in terms of volume were Peru, accounting for 15.2% of exports, Chile at 3.9%, and Asia, not elsewhere specified, at 3.4%. Together, these three partners represented 22.6% of total exports, highlighting a diverse range of smaller trading partners.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

Asia's OSB exports in value terms amounted to 52.1 M $ US in 2020, up by 28.5% from the previous year. Between 2017 and 2020, exports increased by 24.8%, equating to an annualized growth rate of 7.7%. The lowest value was recorded in 2019 at 40.6 M $ US, while the peak occurred in 2018 at 59.0 M $ US. The largest decline of 31.2% was observed in 2019, and the highest increase of 41.2% took place in 2018.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	41.2%	(31.2%)	28.5%	7.7%

Source: SHEV.io

During 2017–2020, Peru was the top buyer of OSB from Asia in value terms, representing 14.4% of exports, followed by Asia, not elsewhere specified at 4.6%, and Chile at 4.0%. Collectively, these three accounted for just 23.0% of total export value, indicating a broadly diversified partner base.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports OSB to Asia

Imports in kind, K m³

OSB import volumes in Asia showed noticeable fluctuations over the period. The lowest point was in 2017, while volumes peaked in 2020, with a 6.5-fold difference between these years. In 2020, Asia imported 1 369 K m³ of OSB, which is 281.5% higher than in 2019. The largest decline of 44.5% was recorded in 2019.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	205.4%	(44.5%)	281.5%	86.3%

Source: SHEV.io

From 2017 to 2020, the core suppliers of OSB to Asia in terms of volume were Russia, contributing 31.2% of imports, Canada at 19.7%, and Romania at 13.0%. Together, these three markets represented 63.9% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

After two years of decline, OSB imports to Asia in value terms increased in 2020. Import volume totaled 297.2 M $ US, showing a modest rise of 1.3% compared to 2019. Over the period from 2017 to 2020, imports decreased by 7.2%, with a compound annual growth rate of -2.5%. The minimum value was recorded in 2019 at 293.4 M $ US, and the largest decline of 7.9% also occurred in that year.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.6%)	(7.9%)	1.3%	(2.5%)

Source: SHEV.io

Throughout 2017–2020, Canada led as the primary supplier of OSB to Asia in value terms, accounting for 28.5% of imports, followed by Russia at 14.8% and Romania at 13.6%. These three countries jointly accounted for 56.9% of total import flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in value, 2017-2020

Source: SHEV.io