The forecasted import values of glass fibres and glass wool to the US show a consistent upward trend from 2024 to 2028, beginning with $1.8767 billion in 2024 and progressively increasing to $2.0656 billion by 2028. In 2023, the value stood at approximately $1.832 billion, indicating a steady growth trajectory. The year-on-year percentage variations highlight a consistent growth of around 2.5% annually. The compound annual growth rate (CAGR) over the forecast period remains robust around 2.43%.
Future trends to watch for include:
- Potential impacts of technological advancements and innovations in fiberglass and glass wool production.
- Changes in trade policies or tariffs which could affect import costs.
- Increasing domestic demand associated with developments in the construction and automotive industries, which could further drive import growth.
