Northern America: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Northern America

The North American non-woven glass fibre articles market fell modestly to $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted modestly in the following year.

Production of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Northern America

In value terms, non-woven glass fibre articles production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2020, and then dropped modestly in the following year.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports in Northern America

For the third year in a row, Northern America recorded decline in overseas shipments of non-woven glass fibre webs, felts, mattresses and boards, which decreased by -11.4% to X tons in 2021. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 9.3%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-woven glass fibre articles exports soared to $X in 2021. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada represented the main exporter of non-woven glass fibre webs, felts, mattresses and boards in Northern America, with the volume of exports amounting to X tons, which was near 65% of total exports in 2021. It was distantly followed by the United States (X tons), making up a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +14.9%).

In value terms, the United States ($X) remains the largest non-woven glass fibre articles supplier in Northern America, comprising 77% of total exports. The second position in the ranking was taken by Canada ($X), with a 23% share of total exports.

In the United States, non-woven glass fibre articles exports expanded at an average annual rate of +1.0% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, increasing by 37% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+21.2%).

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports in Northern America

After three years of decline, supplies from abroad of non-woven glass fibre webs, felts, mattresses and boards increased by 14% to X tons in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and Canada (X tons) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the United States (with a CAGR of +1.1%).

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2021.

In terms of the main importing countries, the United States, with a CAGR of +2.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, surging by 4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2019 an increase of 7.7% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.8%).

Source: IndexBox Platform

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