The import of Glass Fibres and Glass Wool to Canada saw fluctuating trends between 2013 to 2023, reaching a value of 472.27 million USD in 2023. Notable variations included significant decreases in 2015 and 2016, followed by recovery in subsequent years. Year-on-year increases in the last two years were 1.57% in 2022 and 1.52% in 2023. The Compound Annual Growth Rate (CAGR) for the past five years up to 2023 was relatively modest at 0.57%. Forecasts indicate steady growth, expecting 505.49 million USD by 2028, with a projected 5-year CAGR of 1.07%.
Future trends to watch for:
- Potential impact of technological advancements in manufacturing.
- Economic conditions and trade policy changes.
- Environmental regulations influencing material usage.
