The following data represents the forecasted import volumes of thin sheets (voiles) of glass fibres in Canada:
- 2024: 77.467 Million Kilograms
- 2025: 79.865 Million Kilograms
- 2026: 82.216 Million Kilograms
- 2027: 84.519 Million Kilograms
- 2028: 86.777 Million Kilograms
Year-on-Year Variation:
- 2025: ((79.865 - 77.467) / 77.467) * 100 = 3.1%
- 2026: ((82.216 - 79.865) / 79.865) * 100 = 2.9%
- 2027: ((84.519 - 82.216) / 82.216) * 100 = 2.8%
- 2028: ((86.777 - 84.519) / 84.519) * 100 = 2.7%
Compound Annual Growth Rate (CAGR):
The forecasted CAGR from 2024 to 2028 is calculated as follows:
CAGR = (((86.777 / 77.467) ^ (1/5)) - 1) * 100 ≈ 2.9%
Future Trends to Watch:
The projected imports of glass fibre voiles indicate a steady increase of approximately 2.9% annually. Factors to monitor include advancements in manufacturing technologies, fluctuations in global trade policies, and changes in domestic demand driven by sectors such as construction and automotive industries.
