The forecast for Canada's import of reclaimed rubber in primary forms or in sheets indicates a steady increase from 2024 through 2028. The projected import value starts at $11.189 million in 2024 and rises to $12.431 million by 2028. Assuming a consistent upward trend from 2023, this suggests a growing demand for reclaimed rubber in Canada.
Year-on-year, the import value is expected to grow by approximately 2.9% to 3% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is estimated to be around 2.63%.
Future trends to watch for include potential fluctuations in global rubber supply chains, advancements in recycling technology, and shifts in regulatory policies that could impact the reclaimed rubber market.
