The import of rubber hygienic and pharmacy items to Canada, excluding contraceptives, is projected to decline from $4.83 million in 2024 to $3.90 million by 2028. This represents a steady annual decrease, with the values showing a year-on-year decline of 5% to 6% over the forecast period. If we consider the compound annual growth rate (CAGR) for the years 2024 to 2028, it indicates a consistent negative growth trend anticipated over these years.

Future trends to watch for:

Impact of technological advancements on domestic production capabilities, possibly influencing import needs.
Changes in consumer demand driven by environmental awareness and preferences for sustainable products.
Potential trade policy shifts and economic conditions that could alter import regulations or costs.