U.S.: Market for Multiple-Walled Insulating Units Of Glass 2024

Market Size for Multiple-Walled Insulating Units Of Glass in the U.S.

The U.S. multiple-walled insulating glass unit market declined modestly to $X in 2021, which is down by -2.1% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Multiple-Walled Insulating Units Of Glass in the U.S.

In value terms, multiple-walled insulating glass unit production shrank slightly to $X in 2021. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 29% against the previous year. Multiple-walled insulating glass unit production peaked at $X in 2020, and then fell slightly in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports from the U.S.

Multiple-walled insulating glass unit exports from the United States expanded remarkably to X square meters in 2021, surging by 15% on 2020 figures. Overall, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -1.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 27%. The exports peaked at X square meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, multiple-walled insulating glass unit exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 17%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X square meters) was the main destination for multiple-walled insulating glass unit exports from the United States, with a 76% share of total exports. Moreover, multiple-walled insulating glass unit exports to Canada exceeded the volume sent to the second major destination, Mexico (X square meters), tenfold. The third position in this ranking was taken by Switzerland (X square meters), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.8% per year) and Switzerland (+100.2% per year).

In value terms, Canada ($X) remains the key foreign market for multiple-walled insulating units of glass exports from the United States, comprising 75% of total exports. The second position in the ranking was taken by Mexico ($X), with a 7.3% share of total exports. It was followed by Switzerland, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.8% per year) and Switzerland (+96.8% per year).

Export Prices by Country

The average multiple-walled insulating glass unit export price stood at $X per square meter in 2021, falling by -7% against the previous year. Overall, the export price showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 9.6%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Germany ($X per square meter) and India ($X per square meter), while the average price for exports to Taiwan (Chinese) ($X per square meter) and Canada ($X per square meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Multiple-Walled Insulating Units Of Glass

Imports into the U.S.

In 2021, overseas purchases of multiple-walled insulating units of glass decreased by -30.1% to X square meters, falling for the third consecutive year after seven years of growth. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Imports peaked at X square meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, multiple-walled insulating glass unit imports reached $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.0% against 2018 indices. The growth pace was the most rapid in 2014 when imports increased by 20% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

China (X square meters), Canada (X square meters) and Mexico (X square meters) were the main suppliers of multiple-walled insulating glass unit imports to the United States, with a combined 72% share of total imports. Germany, Spain, Ireland and Turkey lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +54.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of multiple-walled insulating units of glass to the United States, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.0% per year) and Germany (+13.9% per year).

Import Prices by Country

In 2021, the average multiple-walled insulating glass unit import price amounted to $X per square meter, surging by 49% against the previous year. Overall, the import price showed a strong expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 164%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per square meter), while the price for Canada ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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