U.S.: Glass Fibre Mat Market 2024

Glass Fibre Mat Market Size in the U.S.

The U.S. glass fibre mat market rose modestly to $X in 2022, picking up by 2.9% against the previous year. Overall, consumption enjoyed a resilient expansion. Glass fibre mat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Glass Fibre Mat Production in the U.S.

In value terms, glass fibre mat production rose modestly to $X in 2022. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2013 with an increase of 25% against the previous year. Glass fibre mat production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Glass Fibre Mat Exports

Exports from the U.S.

In 2022, the amount of glass fibre mats exported from the United States fell to X tons, which is down by -3.5% compared with 2021. In general, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 124% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, glass fibre mat exports reduced modestly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for glass fibre mat exports from the United States, with a 74% share of total exports. Moreover, glass fibre mat exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), fivefold. South Korea (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.7% per year) and South Korea (-13.2% per year).

In value terms, Canada ($X), Mexico ($X) and South Korea ($X) appeared to be the largest markets for glass fibre mat exported from the United States worldwide, with a combined 89% share of total exports.

Mexico, with a CAGR of +9.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average glass fibre mat export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, posted a measured expansion. The pace of growth appeared the most rapid in 2017 an increase of 35% against the previous year. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fibre Mat Imports

Imports into the U.S.

In 2022, approx. X tons of glass fibre mats were imported into the United States; declining by -8.3% on the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, glass fibre mat imports shrank to $X in 2022. Over the period under review, imports recorded a mild setback. The pace of growth appeared the most rapid in 2014 when imports increased by 28%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of glass fibre mat to the United States, with a 50% share of total imports. Moreover, glass fibre mat imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-6.2% per year) and Mexico (+44.2% per year).

In value terms, China ($X), Canada ($X) and Mexico ($X) were the largest glass fibre mat suppliers to the United States, together accounting for 76% of total imports.

Mexico, with a CAGR of +42.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average glass fibre mat import price stood at $X per ton in 2022, which is down by -2.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 4.3% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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