Latest Scrap Tire Prices in Canada
Used tires or tires removed from a vehicle that reach the end of their road life are often called scrap tires and are widely considered worthless by vehicle owners. In fact, these scrap or junk tires still hold good value in the scrap market. Anyone involved can expect a good amount in return if they keep an eye on current market trends and follow the proper steps while buying or selling.
In this guide, we will discuss the current scrap tire prices in Canada.
Scrap Tire Prices
The global tire recycling market is projected to reach USD 7.29 billion by 2029. However, over the past three years, tire scrap prices in Canada have stayed relatively steady because the system is mainly managed through provincial stewardship programs rather than an open, speculative market. On the commercial side, the demand for things made from old tires (like crumb rubber or fuel) has been about the same for a few years, so there are only minor changes in rates.
However, the rates of tie scrap currently range between CA$1 and CA$15. These prices can vary depending on various influential factors, such as tire type, condition, and sometimes size.
Below is the detailed breakdown:
| Tire Type | Price Paid |
|---|---|
| Passenger car tires | CA$0 to CA$5 per tire |
| Light truck tires | CA$5 to CA$15 per tire |
| Heavy truck or highway tires | CA$15 to CA$50+ per tire |
| Agricultural or Off-Road (OTR) tires | CA$50 to CA$200+ per tire |
Estimated Scrap Tire Prices by Province
| Province | Passenger tires | Light-truck or SUV | Heavy truck or highway |
|---|---|---|---|
| Ontario | $0 to $5 | $5 to $15 | $15 to $40 |
| Quebec | $0 to $5 | $5 to $15 | $15 to $45 |
| British Columbia | $0 to $5 | $5 to $15 | $15 to $45 |
| Alberta | $0 to $5 | $5 to $15 | $15 to $50 |
| Manitoba | $0 to $5 | $5 to $12 | $15 to $40 |
| Saskatchewan | $0 to $5 | $5 to $12 | $15 to $40 |
| Nova Scotia | $0 to $5 | $4 to $12 | $12 to $40 |
| New Brunswick | $0 to $5 | $4 to $12 | $12 to $40 |
| Prince Edward Is. | $0 to $5 | $4 to $12 | $12 to $40 |
| Newfoundland & Labrador | $0 to $5 | $5 to $12 | $12 to $45 |
Factors Influencing the Worth of Scrap Tire Value
Several elements affect how much scrap tires are worth in the broader scrap tire market. The following are the key factors:
- Tire type
- Condition of Tire
- Inflation and Other Costs (e.g., processing or transportation expenses)
- Market Demand and Supply
- Local and Global Market Trends
- Scrapyard and Govt Regulations or Policies
Bottom Line
Tire scrap is not left out like junk that has just no value, but they are valuable auto components for facilities like scrapyards or recycling centers. If traded while following the proper steps, one can expect in return a good money for scrap tires.
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