Northern America: Market for Glass Fibres and Glass Fibre Articles 2024

Market Size for Glass Fibres and Glass Fibre Articles in Northern America

The North American glass fibre and article market expanded significantly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Production of Glass Fibres and Glass Fibre Articles in Northern America

In value terms, glass fibre and article production rose significantly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Glass Fibres and Glass Fibre Articles

Exports in Northern America

In 2022, approx. X tons of glass fibres and glass fibre articles were exported in Northern America; shrinking by X% compared with 2021 figures. In general, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, glass fibre and article exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

In 2022, the United States (X tons) represented the key exporter of glass fibres and glass fibre articles, constituting X% of total exports. It was distantly followed by Canada (X tons), committing a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to glass fibre and article exports from the United States stood at X%. Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) remains the largest glass fibre and article supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price posted a buoyant expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Imports of Glass Fibres and Glass Fibre Articles

Imports in Northern America

In 2022, purchases abroad of glass fibres and glass fibre articles increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, glass fibre and article imports surged to $X in 2022. The total import value increased at an average annual rate of X% 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 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

The United States represented the key importer of glass fibres and glass fibre articles in Northern America, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Canada (X tons), achieving a X% share of total imports.

The United States was also the fastest-growing in terms of the glass fibres and glass fibre articles imports, with a CAGR of X% from 2012 to 2022. Canada experienced a relatively flat trend pattern. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported glass fibres and glass fibre articles in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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