In 2023, Canada imported tyre cord fabric of high tenacity polyester yarn valued at approximately 40.5 million US dollars. The forecast from 2024 to 2028 shows a steady increase in import value, reaching 41.65 million US dollars by 2028. The year-on-year variation is marginally positive, averaging around 0.5% CAGR over the five-year span. This indicates moderate but consistent demand growth in the Canadian market.
Future trends to watch for include potential shifts in supply chain dynamics, technological advancements in materials, and changes in automobile production, which could further impact the demand for high tenacity polyester yarn in the tyre industry. Additionally, environmental regulations and developments in sustainable material alternatives may also influence future market directions.
