Canada's forecasted re-import of rubber waste, parings, and scrap (excluding hard rubber) is projected to increase from $35.18K in 2024 to $42.07K by 2028. This pattern indicates a steady year-on-year growth rate, with an average increase of approximately 4-5% annually. In 2023, the re-import value was lower, establishing 2024 forecasts as progressive increments.
Future trends to watch include:
- Increasing global demand for sustainable materials could drive higher imports.
- Potential regulatory changes impacting waste management and recycling practices.
- Fluctuations in global rubber prices affecting import volumes and values.
