Canada Synthetic Rubber Industry Outlook 2024 - 2028

See how Canada Synthetic Rubber performed compared to key markets.

Key Market Indicators

Canada's synthetic rubber import market is projected to decline to approximately $371 million by 2028, down from about $410 million in 2023. This represents a compound annual growth rate (CAGR) decrease of 1.5% year on year. Historical data since 1994 shows a consistent drop in Canadian demand, averaging a 3.6% decrease annually. Exports of synthetic rubber from Canada are also on a downward trajectory. By 2028, exports are expected to fall to around $149 million, a significant drop from roughly $196 million in 2023. This reflects a year-on-year CAGR decline of 4.2%. Since 1994, the nation's synthetic rubber supply has diminished at an average annual rate of 5.1%. In 2023, Canada ranked 19th in the global market for synthetic rubber exports. Saudi Arabia surpassed Canada with export figures matching Canada’s $196 million. Leading the global ranking were Thailand, the United States, and Japan, holding the second, third, and fourth positions, respectively.

Canada Synthetic Rubber Market Data and Forecasts

Canada Synthetic Rubber : how will it grow in the coming years?

Forecast: Re-Import of Polyisobutylene to Canada
Forecast: Import of Polyisobutylene to Canada
Forecast: Re-Import of Polyisobutylene to Canada
Forecast: Import of Synthetic Rubber to Canada
Forecast: Export of Synthetic Rubber from Canada

Other Top Countries about Synthetic Rubber