The import of rubber waste, parings, and scrap to the US is expected to decrease slightly between 2024 and 2028, marking a year-on-year decline. Compared to 2023 figures, the forecast for 2024 mirrors a slight variation as the imports were at a similar range. The forecasted Compound Annual Growth Rate (CAGR) over the next five years shows a modest decline, reflecting a slight downward trend in import values.
Future trends to watch for include:
- Potential changes in international trade policies that could impact import levels.
- Technological advancements in rubber recycling processes could influence the importance of importing rubber waste.
- Shifts in domestic demand for recycled rubber materials might alter import needs.
- Environmental regulations and trends towards sustainability could affect the volume of rubber waste recycling and importations.
