The forecasted import of Acrylonitrile-Butadiene Rubber (NBR) except as latex to Canada shows a gradual decline from 2023 levels, with values decreasing each year from 2024 to 2028. In 2023, the imports stood at $9.3 million. From 2024 to 2025, there is a 1.5% decline, followed by similar downward trends: a 1.5% decrease for 2025-2026, a 1.5% decrease for 2026-2027, and another 1.5% decline projected for 2027-2028. Over the five-year period, the compound annual growth rate (CAGR) averages a negative per annum, suggesting a consistent reduction in import value.
Future trends to watch for include potential changes in the global supply chain or shifts in domestic production capabilities and environmental regulations impacting the demand for NBR. Additionally, market developments in alternative materials could play a significant role in altering import figures.
