Canada: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Canada

The Canadian market for drawn glass and blown glass reached $X in 2021, almost unchanged from the previous year. In general, consumption showed a strong increase. Drawn glass and blown glass consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Drawn Glass And Blown Glass in Canada

In value terms, drawn glass and blown glass production rose to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 81%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Exports of Drawn Glass And Blown Glass

Exports from Canada

In 2021, approx. X square meters of drawn glass and blown glass were exported from Canada; reducing by -26.3% on 2020 figures. Overall, exports recorded a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 71% against the previous year. The exports peaked at X square meters in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports expanded rapidly to $X in 2021. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 103% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X square meters) was the main destination for drawn glass and blown glass exports from Canada, accounting for a 95% share of total exports. It was followed by France (X square meters), with a 2.4% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.5% per year) and Bermuda (-27.6% per year).

In value terms, the United States ($X) remains the key foreign market for drawn glass and blown glass exports from Canada, comprising 100% of total exports. The second position in the ranking was taken by France ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-16.9% per year) and Bermuda (-30.0% per year).

Export Prices by Country

In 2021, the average export price for drawn glass and blown glass amounted to $X per square meter, with an increase of 43% against the previous year. In general, the export price posted a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 95% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Bermuda ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.3%), while the prices for the other major destinations experienced a decline.

Imports of Drawn Glass And Blown Glass

Imports into Canada

In 2021, after two years of growth, there was significant decline in purchases abroad of drawn glass and blown glass, when their volume decreased by -44.6% to X square meters. Over the period under review, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, drawn glass and blown glass imports dropped rapidly to $X in 2021. In general, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X square meters) constituted the largest drawn glass and blown glass supplier to Canada, accounting for a 67% share of total imports. Moreover, drawn glass and blown glass imports from the United States exceeded the figures recorded by the second-largest supplier, China (X square meters), fourfold. Germany (X square meters) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.1% per year) and Germany (-5.2% per year).

In value terms, the United States ($X) constituted the largest supplier of drawn glass and blown glass to Canada, comprising 58% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Germany, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.8% per year) and Germany (-12.5% per year).

Import Prices by Country

In 2021, the average import price for drawn glass and blown glass amounted to $X per square meter, declining by -19.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per square meter) and China ($X per square meter), while the price for the United States ($X per square meter) and Germany ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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