In 2023, the import value of thin sheets of glass fibres to Canada was an estimated 70.000 million USD. From 2024, forecasts project a consistent increase in import values, culminating in 82.295 million USD by 2028. Year-on-year growth is evident, with a notable growth percentage from 2024 to 2028. This upward trend reflects a compound annual growth rate (CAGR) of approximately 3.2% over the five-year period from 2023 to 2028, signaling a steady demand for glass fibre products in Canada.

Future trends to watch for include:

Technological advancements in glass fibre production leading to increased import demand.
Fluctuations in international trade policies which may impact import costs and volumes.
Growth in industries utilizing glass fibres, such as automotive and construction, driving up imports.