The import of extruders for working rubber or plastic to Canada is projected to grow steadily from 2024 through 2028. In 2023, the value was recorded at approximately 70.2 million USD. Year-on-year growth rates indicate a consistent increase, with each year witnessing growth figures hovering around 3-3.5%. This results in a compound annual growth rate (CAGR) of around 3.5% over the forecast period, demonstrating a stable upward trend in demand for these specialized machines.
Key future trends to monitor include:
- The impact of technological advancements in extruder machinery, potentially enhancing efficiency and reducing costs.
- Environmental regulations influencing the design and import of more eco-friendly extrusion technology.
- Fluctuations in global supply chains that could affect import operations and costs.