The forecast for Canada's import of reclaimed rubber in primary forms or sheets shows a steady annual increase from 2024 to 2028. The projections indicate a gradual growth from 32.542 million kilograms in 2024 to 38.505 million kilograms in 2028. Compared to 2023, there is a consistent year-on-year increase, with the growth rate accelerating slightly each year. The compound annual growth rate (CAGR) over this five-year period underscores a sustainable upward trend in import volume.
Future trends to watch include changes in Canadian environmental regulations that may impact reclaimed rubber demand, advancements in rubber recycling technologies enhancing supply efficiency, and fluctuations in global rubber prices influencing import costs. An emphasis on sustainability could further boost demand for reclaimed rubber, as industries aim to reduce their carbon footprint.
