The import of glass fibres, glass wool, and articles thereof to Canada in 2023 stood at 82 million USD. From 2024 to 2028, forecasted values show a steady increase annually. The value is predicted to rise from 84.054 million USD in 2024 to 91.318 million USD in 2028, reflecting a consistent year-on-year growth.
The year-on-year percentage variations can be seen as follows:
- 2025: A growth of approximately 2.2% compared to 2024
- 2026: An increase of roughly 2.1% compared to 2025
- 2027: A growth of about 2% compared to 2026
- 2028: An increment of roughly 2% compared to 2027
Over the five-year period from 2024 to 2028, there is a Compound Annual Growth Rate (CAGR) of about 2.2%. This indicates a sustained upward trend in imports.
Future trends to watch for include technological advancements in glass fibre production, shifts in international trade policies, and local demand growth driven by construction and manufacturing sectors. Monitoring these factors will help understand potential impacts on import values.
