The forecasted import of rubber waste, parings, and scrap (except hard rubber) to Canada shows a declining trend from 2024 to 2028. Starting at 10.257 million kilograms in 2024, the volume is projected to decrease each year, reaching 6.4273 million kilograms by 2028. This reflects an average compound annual growth rate (CAGR) that highlights a consistent year-on-year decrease.
Key observations and trends to watch for:
- The consistent decline suggests a possible decrease in domestic demand or a shift towards alternative recycling methods.
- Economic influences, such as new regulations or changes in rubber waste management practices, could further impact import volumes.
- Sustainability efforts and technological advancements in recycling processes may alter future forecasts.