By 2024, the import of tyre cord fabric of high tenacity manmade yarn to Canada is forecasted to reach approximately USD 54.439 million. In 2023, the actual import value stood slightly higher than the forecasted levels for upcoming years. From 2024 to 2028, a declining trend is anticipated, with a CAGR of approximately -1.26%. This steady decrease has been consistent over the preceding years, reinforcing a downward trajectory in import value.

Future trends to watch for include:

Potential shifts in Canada’s automotive industry that could influence demand for tyre cord fabrics.
Technological advancements in alternative materials or domestic production capabilities.
Trade policy changes that could impact import tariffs or availability of manmade yarn.