In 2023, Canada imported an estimated 62.2 million kilograms of unvulcanized rubber compounded with carbon black or silica. The forecast shows a steady growth in imports from 63.0 million kilograms in 2024 to 66.354 million kilograms by 2028. The year-on-year growth rates suggest a moderate increase of about 1-1.5% annually, indicating a stable market demand. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be approximately 1.3%.
Key future trends to watch include technological advancements in rubber compounding that could influence import volumes, potential economic shifts affecting industrial demand in Canada, and international trade policies that might impact import conditions.
