Canada: Flat Glass Market 2024

Flat Glass Market Size in Canada

In 2021, after two years of decline, there was significant growth in the Canadian flat glass market, when its value increased by 27% to $X. The market value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Flat Glass Exports

Exports from Canada

Flat glass exports from Canada stood at X tons in 2021, picking up by 12% compared with the year before. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flat glass exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for flat glass exports from Canada, accounting for a 94% share of total exports. It was followed by Cuba (X tons), with a 2.3% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+73.5% per year) and the UK (-37.8% per year).

In value terms, the United States ($X) remains the key foreign market for flat glass exports from Canada, comprising 94% of total exports. The second position in the ranking was held by Cuba ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (+53.7% per year) and the UK (-32.3% per year).

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Cuba ($X per ton) 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 (+19.5%), while the prices for the other major destinations experienced mixed trend patterns.

Flat Glass Imports

Imports into Canada

In 2021, after two years of decline, there was significant growth in overseas purchases of flat glass, when their volume increased by 15% to X tons. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flat glass imports surged to $X in 2021. The total import value increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest flat glass supplier to Canada, accounting for a 89% share of total imports. Moreover, flat glass imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.3% per year) and Mexico (+82.0% per year).

In value terms, the United States ($X) constituted the largest supplier of flat glass to Canada, comprising 88% of total imports. The second position in the ranking was held by Mexico ($X), with a 3.3% share of total imports. It was followed by China, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+79.9% per year) and China (+3.5% per year).

Import Prices by Country

The average flat glass import price stood at $X per ton in 2021, surging by 10% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Germany ($X per ton) and Mexico ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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