The forecast for the import of slivers, rovings, yarn, and chopped strands of glass to Canada for 2024 through 2028 shows a gradual decline. Starting at 60.491 million USD in 2024, it is projected to decrease at a steady rate, culminating in 59.18 million USD by 2028. The year-on-year percentage change highlights this declining trend, demonstrating a slight decrease each year. In 2023, the imports stood slightly higher than the initial forecasted value for 2024, indicating the beginning of the downward trajectory.
Future trends to watch for include potential changes in global supply chain dynamics, technological advancements in glass fiber alternatives, and shifts in Canadian manufacturing demand. These factors could influence the forecast, offering either stabilization or further reduction in import volumes.
