From 2013 to 2023, Canada's glass and glass product manufacturing closing inventories increased significantly from CAD 172.58 million to CAD 321.49 million. Noteworthy variations include a 14.56% rise in 2015 and an 18.29% spike in 2018. Despite some fluctuations, inventory levels have shown an overall upward trend.
Key year-on-year percentage changes:
- 2018: 18.29%
- 2019: -2.93%
- 2020: 8.78%
- 2021: 6.64%
- 2022: 5.58%
- 2023: 5.23%
Looking ahead, from 2024 to 2028, forecasts indicate a CAGR of 3.42% with an 18.3% growth rate. This steady growth reflects ongoing demand and possible market expansions in the glass manufacturing industry in Canada.
Future Trends to Watch:
- Innovations in sustainable glass production
- Impact of global supply chain dynamics
- Shifts in consumer demand for green building materials
- Technological advancements in manufacturing processes
