Canada - Glass Fibre Chopped Strands - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Glass Fibre Chopped Strand in Canada - 2023
Contents:
- Price for Glass Fibre Chopped Strand in Canada (CIF) - 2023
- Price for Glass Fibre Chopped Strand in Canada (FOB) - 2023
- Imports of Glass Fibre Chopped Strand in Canada
- Exports of Glass Fibre Chopped Strand in Canada
Price for Glass Fibre Chopped Strand in Canada (CIF) - 2023
In June 2023, the average glass fibre chopped strand import price amounted to $1,592 per ton, falling by -4.5% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 70% m-o-m. The import price peaked at $1,828 per ton in August 2022; however, from September 2022 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Bahrain ($1,904 per ton), while the price for China ($1,268 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Bahrain (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Glass Fibre Chopped Strand in Canada (FOB) - 2023
In June 2023, the average glass fibre chopped strand export price amounted to $3,497 per ton, with an increase of 2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in July 2022 when the average export price increased by 35% against the previous month. As a result, the export price reached the peak level of $4,071 per ton. From August 2022 to June 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Nigeria ($4,031 per ton) and the Netherlands ($3,459 per ton), while the average price for exports to the United States ($3,005 per ton) and the UK ($3,390 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibre Chopped Strand in Canada
In 2022, approx. 6K tons of glass fibre chopped strands were imported into Canada; waning by -17.9% against 2021 figures. In general, imports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. As a result, imports attained the peak of 7.3K tons, and then plummeted in the following year.
In value terms, glass fibre chopped strand imports skyrocketed to $9.5M in 2022. Overall, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Glass Fibre Chopped Strand in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.8 | 4.8 | 6.4 | 7.2 | 1.9% |
| China | 0.5 | 0.3 | 0.6 | 1.3 | 37.5% |
| Malaysia | 0.6 | 0.4 | 0.7 | 0.7 | 5.3% |
| Others | 0.4 | 0.1 | 0.4 | 0.3 | -9.1% |
| Total | 8.2 | 5.6 | 8.1 | 9.5 | 5.0% |
Top Suppliers of Glass Fibre Chopped Strand to Canada in 2022:
- United States (4.7K tons)
- China (0.7K tons)
- Malaysia (0.5K tons)
Exports of Glass Fibre Chopped Strand in Canada
Glass fibre chopped strand exports from Canada skyrocketed to 4.4K tons in 2022, growing by 55% on 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, glass fibre chopped strand exports skyrocketed to $13M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibre Chopped Strand in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.7 | 0.5 | 0.8 | 3.5 | 71.0% |
| Netherlands | 4.9 | 4.0 | 4.2 | 3.5 | -10.6% |
| France | 2.1 | 2.3 | 1.2 | 2.9 | 11.4% |
| United Kingdom | 1.6 | 1.6 | 1.8 | 2.8 | 20.5% |
| Others | 0.1 | 0.3 | 0.1 | 0.4 | 58.7% |
| Total | 9.4 | 8.7 | 8.0 | 13.2 | 12.0% |
Top Export Markets for Glass Fibre Chopped Strand from Canada in 2022:
- United States (1794.1 tons)
- Netherlands (1125.3 tons)
- United Kingdom (836.2 tons)
- France (552.9 tons)
This report provides an in-depth analysis of the market for glass fibre chopped strand in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23141110 - Glass fibre threads cut into lengths of at least 3 mm but . .50 mm (chopped strands)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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