Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada - 2024
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada (FOB) - 2024
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $81,067 per ton in 2022, jumping by 131% against the previous year. Over the period under review, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($419,695 per ton), while the price for Mexico ($46,358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+51.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada (FOB) - 2024
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $4,084 per ton in December 2023, with a decrease of -95.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 1,825% m-o-m. The export price peaked at $140K per ton in September 2023; however, from October 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the highest price was recorded for prices to the United States ($4,066 per ton) and the Netherlands ($3,388 per ton), while the average price for exports to the UK ($2,820 per ton) and France ($2,987 per ton) were amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.0%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada
Imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Canada dropped dramatically to 6.6K tons in 2022, falling by -50.6% against the previous year. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 13K tons, and then declined dramatically in the following year.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) rose rapidly to $537M in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 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 22%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 310 | 281 | 328 | 365 | 5.6% |
| China | 54.2 | 44.0 | 70.4 | 85.9 | 16.6% |
| Mexico | 35.9 | 29.7 | 34.5 | 41.2 | 4.7% |
| Germany | 4.4 | 4.7 | 5.6 | 12.0 | 39.7% |
| Others | 28.4 | 26.4 | 31.6 | 32.9 | 5.0% |
| Total | 433 | 386 | 470 | 537 | 7.4% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Canada in 2022:
- United States (4.1K tons)
- China (1.0K tons)
- Mexico (0.9K tons)
- Germany (0.1K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada
In 2022, the amount of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) exported from Canada soared to 33K tons, picking up by 83% against 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 161%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $302M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 156 | 174 | 231 | 277 | 21.1% |
| United Kingdom | 4.7 | 4.5 | 3.3 | 4.3 | -2.9% |
| Netherlands | 5.1 | 4.0 | 4.2 | 3.6 | -11.0% |
| Others | 15.5 | 11.8 | 15.6 | 16.9 | 2.9% |
| Total | 181 | 194 | 254 | 302 | 18.6% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Canada in 2022:
- United States (31.4K tons)
- United Kingdom (0.5K tons)
- Netherlands (0.5K tons)
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