The forecast for the re-import of mats of glass fibres to Canada shows a gradual decline from 2024 to 2028, starting from 12.19 thousand kilograms in 2024 and reaching 11.54 thousand kilograms by 2028. Notably, this forecasted trend indicates a decreasing trajectory with a consistent year-on-year decline.
Future trends to watch include:
- Potential technological advancements in glass fiber production that may affect import dynamics.
- Changes in trade policies between Canada and major exporting countries.
- Environmental regulations influencing the demand for glass fiber products.
- Growth in local production capabilities could decrease the need for imports.
- Market demand from industries such as construction, automotive, and renewable energy sectors.