Canada: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in Canada

The Canadian glass fibre mat market declined slightly to $X in 2022, with a decrease of -3.4% against the previous year. Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.7% against 2020 indices. Glass fibre mat consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Glass Fibre Mat Production in Canada

In value terms, glass fibre mat production shrank to $X in 2022 estimated in export price. In general, production, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Glass Fibre Mat Exports

Exports from Canada

In 2022, the amount of glass fibre mats exported from Canada declined to X tons, which is down by -1.8% compared with the year before. Overall, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when exports increased by 8.2% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, glass fibre mat exports declined slightly to $X in 2022. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 11%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for glass fibre mat exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -5.3%.

In value terms, the United States ($X) also remains the key foreign market for glass fibre mats exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at -3.2%.

Export Prices by Country

In 2022, the average glass fibre mat export price amounted to $X per ton, declining by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 an increase of 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then reduced modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +9.5% per year.

Glass Fibre Mat Imports

Imports into Canada

Glass fibre mat imports into Canada shrank to X tons in 2022, which is down by -4.8% compared with the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 116%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, glass fibre mat imports contracted to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 52% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of glass fibre mat to Canada, with a 85% share of total imports. Moreover, glass fibre mat imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and Italy (-6.8% per year).

In value terms, the United States ($X) constituted the largest supplier of glass fibre mats to Canada, comprising 77% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.6% per year) and Italy (-4.6% per year).

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, posted a moderate increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 81%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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