Northern America: Glass Fibre Fabrics Market 2024

Glass Fibre Fabrics Market Size in Northern America

The North American glass fibre fabrics market expanded sharply to $X in 2022, growing by 8.1% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Glass Fibre Fabrics Production in Northern America

In value terms, glass fibre fabrics production rose rapidly to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Glass Fibre Fabrics Exports

Exports in Northern America

In 2022, the amount of glass fibre fabrics exported in Northern America dropped to X tons, which is down by -5.3% on 2021 figures. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2015 when exports increased by 13%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, glass fibre fabrics exports reduced to $X in 2022. Overall, exports showed a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of 10%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the main exporter of glass fibre fabrics in Northern America, with the volume of exports recording X tons, which was approx. 83% of total exports in 2022. It was distantly followed by Canada (X tons), constituting a 17% share of total exports.

Exports from the United States decreased at an average annual rate of -14.1% from 2012 to 2022. Canada (-10.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +4.8 percentage points.

In value terms, the United States ($X) remains the largest glass fibre fabrics supplier in Northern America, comprising 95% of total exports. The second position in the ranking was held by Canada ($X), with a 5.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, stabilizing at the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 111% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.3%).

Glass Fibre Fabrics Imports

Imports in Northern America

In 2022, approx. X tons of glass fibre fabrics were imported in Northern America; with a decrease of -9.4% on 2021 figures. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, glass fibre fabrics imports dropped to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The United States was the main importer of glass fibre fabrics in Northern America, with the volume of imports amounting to X tons, which was approx. 62% of total imports in 2022. It was distantly followed by Canada (X tons), comprising a 38% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Canada (with a CAGR of +1.3%).

In value terms, the United States ($X) constitutes the largest market for imported glass fibre fabrics in Northern America, comprising 71% of total imports. The second position in the ranking was taken by Canada ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with an increase of 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2020 an increase of 30%. Over the period under review, import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices 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 the United States (+5.6%).

Source: IndexBox Platform

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