The import of rubber waste, parings, and scrap to Canada is forecasted to decrease steadily from 2024, with values expected to drop from 3.82 million USD to 3.2086 million USD by 2028. In comparison to 2023, it signifies a declining trend in imports, reflective of a push towards local recycling efforts or changes in demand and sourcing strategies. The year-on-year percentage change highlights a consistent decrease, with the Compound Annual Growth Rate (CAGR) over five years further demonstrating a gradual decline.
Future trends to watch include the impact of domestic recycling technology advancements, policy shifts toward environmental sustainability, and global market dynamics in rubber waste trade. Observing regulatory changes or any innovation in recycling techniques may pivot this descending trend, highlighting a need for continuous market monitoring.
