In 2023, the re-import value of webs, mattresses, and other nonwoven fiberglass products to Canada stood as the baseline for a forecast analysis from 2024 onwards. A consistent upward trend is notable with values at 541.1 thousand USD in 2024, increasing annually to reach 645.66 thousand USD by 2028. Year-on-year, this reflects gradual growth: 2025 up by 4.98%, 2026 escalating by 4.64%, 2027 advancing by 4.35%, and 2028 rising by 4.09%. Over the five-year span from 2024 to 2028, the compound annual growth rate (CAGR) demonstrates a steady upward trajectory.
Future trends to watch for include:
- Technological advancements potentially enhancing the quality and applicability of fiberglass products.
- Evolving trade policies or tariffs that might impact re-import costs and competitiveness.
- Increased demand driven by construction and automotive sectors expanding the market.
- Sustainability trends influencing materials used and recycling efficiency in production.