Forecast: Import of Isobutene-Isoprene (Butyl) Rubber (IIR) to Canada

In 2023, the import value of Isobutene-Isoprene (Butyl) Rubber (IIR) to Canada stood higher than the projected figures for the coming years. The forecasts from 2024 to 2028 reveal a consistent decline: from 4.7539 million USD in 2024 to 3.9441 million USD in 2028. This indicates a negative trend with decreasing imports over five years, suggesting adjustments in demand or supply circumstances. The average compound annual growth rate (CAGR) calculates a steady decrease, reflecting a shrinking trajectory in imports.

Future trends to watch for include:

  • Potential shifts in global rubber markets affecting supply chains.
  • Emerging local alternatives that might reduce dependency on imports.
  • Regulatory changes and environmental policies influencing import volumes.

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