In 2023, the import value of rods and profile shapes of vulcanised non-cellular rubber to Canada was approximately 25.7 million USD. The forecast for 2024 predicts a growth of about 2.07%, reaching 26.233 million USD. This growth trend is expected to continue, with an average increase of 2.10% annually over the following years, reaching 28.5 million USD by 2028. The CAGR from 2024 to 2028 is projected to be around 2.04%.
Future trends to watch for include:
- The impact of global supply chain stability on import costs and availability.
- Technological advancements in rubber processing influencing demand.
- Shifts in Canadian economic policy or trade agreements affecting import dynamics.