The import of Isoprene Rubber (IR) to Canada is predicted to decrease steadily from 2024 to 2028. In 2024, the import value is forecasted at $17.319 million and is projected to decline to $15.207 million by 2028. Comparing the year-on-year variation highlights a consistent decrease of approximately 3% annually. The compound annual growth rate (CAGR) over the five-year period shows a negative trend, highlighting a shrinking market for IR imports in Canada.
Future trends to watch for include potential shifts in global demand for synthetic rubber, environmental regulations impacting production, and advancements in alternative materials. Changes in trade policies could also affect import patterns.
