In 2023, the re-import of new pneumatic tyres of rubber for buses or lorries to Canada stood at a baseline value, reflecting the post-pandemic recovery in supply chains and logistics. From 2024 onwards, a steady upward trend is forecasted, with values increasing annually by around 2% to 3%. This consistent growth pattern results in a five-year Compound Annual Growth Rate (CAGR) of approximately 2.5%, indicating a stable and expanding demand for these tyres in Canada.

Future trends to watch for:

Technological advancements in tyre manufacturing enhancing durability and performance.
Environmental policies affecting import regulations and demands for sustainable products.
Economic conditions influencing transportation and logistics sectors in Canada and globally.