Canada: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Canada

The Canadian glass fibre fabrics market declined to $X in 2022, which is down by -7.7% against the previous year. In general, consumption, however, enjoyed strong growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Glass Fibre Fabrics Production in Canada

In value terms, glass fibre fabrics production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2019 when the production volume increased by 128%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Glass Fibre Fabrics Exports

Exports from Canada

In 2022, the amount of glass fibre fabrics exported from Canada contracted to X tons, shrinking by -7.1% on 2021. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 32% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, glass fibre fabrics exports reduced slightly to $X in 2022. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 25%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for glass fibre fabrics exports from Canada, accounting for a 90% share of total exports. It was followed by Mexico (X tons), with a 2.3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -10.7%.

In value terms, the United States ($X) remains the key foreign market for glass fibre fabrics exports from Canada, comprising 87% of total exports. The second position in the ranking was taken by Mexico ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -6.8%.

Export Prices by Country

In 2022, the average glass fibre fabrics export price amounted to $X per ton, rising by 3.2% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, glass fibre fabrics export price decreased by -5.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.4%).

Glass Fibre Fabrics Imports

Imports into Canada

Glass fibre fabrics imports into Canada contracted to X tons in 2022, dropping by -4% against the previous year's figure. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 15%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, glass fibre fabrics imports shrank to $X in 2022. Over the period under review, imports showed a slight descent. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Mexico (X tons) and China (X tons) were the main suppliers of glass fibre fabrics imports to Canada, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +17.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest glass fibre fabrics suppliers to Canada were the United States ($X), China ($X) and Mexico ($X), together accounting for 85% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average glass fibre fabrics import price stood at $X per ton in 2022, reducing by -6.2% against the previous year. In general, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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