The import of tyre cord fabric of high tenacity polyester yarn to Canada is projected to steadily rise from 2024 through 2028, starting at 11.844 million kilograms and reaching 12.485 million kilograms by 2028. The data indicates a moderate year-on-year percentage growth, highlighting a stable increase over the forecast period.
Year-on-year variations indicate a modest growth trajectory as each year sees a slight increase, reflecting consistent demand. An examination of the compound annual growth rate (CAGR) across the five-year forecast points to an average yearly growth that aligns with global trends towards more sustainable and high-performance automotive materials.
Future trends to watch include potential changes in trade agreements, technological advancements in tyre manufacturing that may alter demand, and environmental regulations that could influence the sourcing and usage of such materials.
