Canada: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Canada

In 2021, after two years of decline, there was significant growth in the Canadian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when its value increased by 17% to $X. Overall, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.1% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Canada

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles expanded markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 37% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Canada

In 2021, after two years of decline, there was significant growth in shipments abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles, when their volume increased by 62% to X tons. In general, exports, however, recorded a deep setback. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Canada, with a 48% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+142.6% per year) and the UK (+13.8% per year).

In value terms, the United States ($X) remains the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Canada, comprising 53% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+108.8% per year) and the UK (+6.4% per year).

Export Prices by Country

In 2021, the average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles amounted to $X per ton, with a decrease of -11.2% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Canada

In 2021, purchases abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports of reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Mexico (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Canada, with a combined 93% share of total imports. Bahrain, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 5.5%.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fibre filament, roving, and staple glass fibre article suppliers to Canada were China ($X), the United States ($X) and Mexico ($X), together accounting for 90% of total imports. Taiwan (Chinese), Bahrain and Malaysia lagged somewhat behind, together accounting for a further 7.5%.

In terms of the main suppliers, Bahrain, with a CAGR of +47.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, rising by 9.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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