In 2023, Canada's import of conveyor and similar belts or belting of rubber was approximately $277 million. The forecast demonstrates a steady year-on-year growth: 2024 sees an increase to $283.38 million, 2025 to $290.11 million, 2026 to $296.71 million, 2027 to $303.17 million, and 2028 to $309.51 million. This reveals a consistent annual growth rate with a Compound Annual Growth Rate (CAGR) over the 5-year forecast period expected to align close to 2.2%.

Future trends to watch include:

Potential impact of technological advancements in material science leading to more efficient and durable rubber belting.
Possible fluctuations in demand driven by shifts in industrial production capacities or changes in Canada's trade policies.
Environmental regulations possibly affecting manufacturing and import costs of rubber-based products.