In 2023, the re-import of retreaded or used pneumatic tyres of rubber to Canada was valued at a figure slightly higher than the 2024 forecast of 267.55 thousand US dollars. From 2024 to 2028, the value is projected to steadily decrease, showcasing a declining trend over the period with a total decrease of approximately 16% over these five years. This trend indicates a weakening demand or a shift in supply chain dynamics, with a CAGR reflecting a persistent downward trajectory.
Future trends to watch include potential impacts of technological advancements in tyre manufacturing, shifts in regulatory policies regarding re-imports, and changes in tire disposal practices that might influence the Canadian market. Monitoring environmental regulations and economic conditions will also provide insights into future demand for retreaded tires.
