The forecast for the import of natural rubber in smoked sheets to Canada indicates a gradual decline from 2024 to 2028. In 2023, the imported value stood at 33 million USD. From 2024 to 2028, there is an estimated yearly decrease, with values diminishing from 32.473 million USD to 29.532 million USD. On a year-on-year basis, the decline averages about 2.23% annually. Over the five-year period, the compound annual growth rate (CAGR) suggests a downward trend of approximately 2.5%.
Future trends to watch for include potential impacts from economic shifts, advancements in synthetic rubber alternatives, trade policies, and environmental regulations which could influence import volumes and values. Additionally, the automotive industry's performance and its demand could significantly impact future imports of natural rubber.
