The import of Styrene-Butadiene Rubber (SBR/XSBR) Latex to Canada is forecasted to experience a steady decline from 2024 to 2028. It is projected to decrease from 33.431 million kilograms in 2024 to 31.426 million kilograms by 2028. This trend suggests a consistent year-on-year decline of approximately 1.5% over the forecast period.
In 2023, the import volume stood at a higher level, indicating a decreasing trend moving forward. The Compound Annual Growth Rate (CAGR) over the next five years indicates an average annual decline in imports.
Future Trends to Watch For:
Monitor global SBR/XSBR latex demand, shifts in Canada’s manufacturing sector, and alternative materials development. Changes in trade policy and environmental regulations could also impact future import volumes.
