The forecast for Canada's import of Isoprene Rubber (IR) shows a gradual decline from 7.97 million kilograms in 2024 to 7.42 million kilograms by 2028. This reflects a steady decrease, with a 6.8% reduction over five years. The year-on-year variations demonstrate a uniform downward trend, with an annual average decrease, or CAGR, of approximately 1.4% from 2024 to 2028.
Future trends to watch include potential fluctuations in demand due to technological advancements, shifts in the automotive and healthcare sectors, and changes in global trade policies affecting rubber imports. Monitoring these factors will be crucial for accurate mid- to long-term forecasts.
