In 2023, the re-import of new pneumatic tyres of rubber for bicycles to Canada was measured at an actual value. From 2024 onward, forecasts suggest a steady increase in re-import values, showing year-on-year growth trends as follows: 2025 exhibits a 6.5% increase over 2024, leading to continued annual growth, ultimately peaking in 2028 with a forecast value of USD 15.89 thousand. The compound annual growth rate (CAGR) across these five years is around 5.70%. This trend indicates a steadily rising demand or market conditions favoring re-importation.
Future trends to watch for include:
- Potential increases in domestic production affecting re-import demand.
- Changes in global trade policies or tariffs impacting cost-effectiveness.
- Shifts in consumer preferences towards alternative materials or technologies.
