The import of Styrene-Butadiene Rubber (SBR/XSBR) in Canada has seen significant fluctuations over the past decade, with values ranging from a high of 244.99 million USD in 2013 to 165.58 million USD in 2023. While the import value decreased sharply between 2013 and 2015, a period of relative stability followed with minor ups and downs. The last two years, 2022 and 2023, recorded small year-on-year variations of 4.17% and -1.03%, respectively. The five-year CAGR from 2019 to 2023 stands at approximately -1.43%, indicating a slight downward trend.
Future projections suggest a continued but moderate decline in SBR/XSBR imports to Canada, with forecast values showing a decrease to 156.07 million USD by 2028. The forecast five-year CAGR is estimated at -0.88%, implying a gradual reduction in imports over the next few years.
Key trends to watch for:
- Economic factors affecting industrial demand in Canada
- Potential shifts in global SBR/XSBR production and supply chains
- Technological advancements or alternatives to SBR/XSBR
- Environmental regulations impacting production and importation
