Northern America: Market for Multiple-Walled Insulating Units Of Glass 2023

Market Size for Multiple-Walled Insulating Units Of Glass in Northern America

In 2021, the North American multiple-walled insulating glass unit market decreased by -1.6% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Multiple-Walled Insulating Units Of Glass in Northern America

In value terms, multiple-walled insulating glass unit production shrank slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Multiple-Walled Insulating Units Of Glass

Exports in Northern America

In 2021, multiple-walled insulating glass unit exports in Northern America rose remarkably to X square meters, surging by 12% against the year before. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.1% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 29% against the previous year. The volume of export peaked at X square meters in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, multiple-walled insulating glass unit exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 19% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States was the major exporting country with an export of about X square meters, which recorded 85% of total exports. It was distantly followed by Canada (X square meters), creating a 15% share of total exports.

Exports from the United States increased at an average annual rate of +5.1% from 2012 to 2021. At the same time, Canada (+6.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.8% from 2012-2021. While the share of Canada (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-1.8 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest multiple-walled insulating glass unit supplier in Northern America, comprising 81% of total exports. The second position in the ranking was taken by Canada ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.2%.

Export Prices by Country

The export price in Northern America stood at $X per square meter in 2021, reducing by -4.8% against the previous year. In general, the export price showed a mild downturn. The pace of growth was the most pronounced in 2018 when the export price increased by 9.6%. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per square meter), while the United States stood at $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.7%).

Imports of Multiple-Walled Insulating Units Of Glass

Imports in Northern America

In 2021, purchases abroad of multiple-walled insulating units of glass decreased by -7.3% to X square meters, falling for the second consecutive year after eight years of growth. Over the period under review, imports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Over the period under review, imports attained the peak figure at X square meters in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, multiple-walled insulating glass unit imports stood at $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Canada represented the key importer of multiple-walled insulating units of glass in Northern America, with the volume of imports finishing at X square meters, which was approx. 69% of total imports in 2021. It was distantly followed by the United States (X square meters), creating a 31% share of total imports.

Canada was also the fastest-growing in terms of the multiple-walled insulating units of glass imports, with a CAGR of +8.2% from 2012 to 2021. The United States (-5.2%) illustrated a downward trend over the same period. Canada (+28 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -28.5% from 2012 to 2021, respectively.

In value terms, the largest multiple-walled insulating glass unit importing markets in Northern America were the United States ($X) and Canada ($X).

The United States, with a CAGR of +7.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per square meter, growing by 15% against the previous year. Import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, multiple-walled insulating glass unit import price increased by +89.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the import price increased by 65%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per square meter), while Canada totaled $X per square meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.8%).

Source: IndexBox Market Intelligence Platform

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