In 2024, the forecasted re-import value of new pneumatic tyres of rubber for buses or lorries to Canada is $20.894 million. This category of imports has been predicted to grow steadily in the coming years, with a projected increase to $22.012 million by 2028. The year-on-year growth rate is around 1.38% from 2024 to 2028. The compounded annual growth rate (CAGR) over this forecasted period is approximately 1.31%, indicating a consistent upward trend in re-import values.

Future trends to watch for include:

The potential impact of technological advancements, such as smart tire innovations, which could influence import patterns.
Environmental regulations that might push for the import of eco-friendly tire variants.
The fluctuations in global rubber prices that could affect import costs and pricing strategies.