Northern America: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Northern America

The North American worked flat glass market fell rapidly to $X in 2021, reducing by -23.3% against the previous year. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.5% against 2019 indices. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Worked Flat Glass Production in Northern America

In value terms, worked flat glass production shrank significantly to $X in 2021 estimated in export price. Overall, production, however, showed tangible growth. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. As a result, production attained the peak level of $X, and then shrank rapidly in the following year.

Worked Flat Glass Exports

Exports in Northern America

In 2021, the amount of worked flat glass exported in Northern America stood at X tons, with an increase of 13% compared with the year before. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, worked flat glass exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada represented the key exporter of worked flat glass in Northern America, with the volume of exports accounting for X tons, which was near 73% of total exports in 2021. It was distantly followed by the United States (X tons), making up a 27% share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of worked flat glass. The United States (-16.8%) illustrated a downward trend over the same period. Canada (+41 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -40.8% from 2012 to 2021, respectively.

In value terms, the largest worked flat glass supplying countries in Northern America were the United States ($X) and Canada ($X).

Among the main exporting countries, Canada, with a CAGR of +0.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 14% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2020 when the export price increased by 87% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+19.1%).

Worked Flat Glass Imports

Imports in Northern America

In 2021, supplies from abroad of worked flat glass decreased by -20.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 22%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, worked flat glass imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of 20%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

The United States represented the major importer of worked flat glass in Northern America, with the volume of imports resulting at X tons, which was approx. 68% of total imports in 2021. It was distantly followed by Canada (X tons), achieving a 32% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to worked flat glass imports into the United States stood at -8.9%. Canada experienced a relatively flat trend pattern. Canada (+15 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -14.7% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported worked flat glass in Northern America, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +4.3%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 45% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 113%. Over the period under review, import prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+14.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :