Long rotation times between plantation establishment and harvesting necessitate long-term projection models for forestry planning purposes. This study sets out the projection methodology and a range of five estimates for wood-based panels consumption based on realistic possibilities in dwelling commencements and panel usage per dwelling for 1990, 2000, 2010, 2020. A two-stage model was adopted. First, a relationship that not only explains the consumption of all wood-based panels but also is suitable for projection purposes is developed. Secondly, separate relationships were developed to project market shares of the individual panel products.