In 2023, the import value of rubber tubes, pipes, or hoses not reinforced without fittings to Canada stood at [insert 2023 data if available]. Forecasted data shows a continuous declining trend from 2024, with values dropping from $23.756 million in 2024 to $21.85 million in 2028. The year-on-year decrease is relatively modest, suggesting a steady downturn. The Compound Annual Growth Rate (CAGR) over the five years is negative, indicating an average annual decrease in import value.

Future trends to watch for include:

The potential impact of technological advancements in domestic production, which may further reduce import reliance.
Changes in global trade policies and tariffs that could influence the import dynamics.
Fluctuations in demand from key Canadian industries that utilize rubber tubes and hoses.