Asia: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Asia

In 2021, after nine years of growth, there was decline in the Asian camel-back strips market, when its value decreased by -4.4% to $X. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.7% against 2012 indices. The level of consumption peaked at $X in 2020, and then declined modestly in the following year.

Camel-Back Strips Production in Asia

In value terms, camel-back strips production contracted modestly to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +71.2% against 2012 indices. The most prominent rate of growth was recorded in 2016 with an increase of 8.4%. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Camel-Back Strips Exports

Exports in Asia

In 2021, the amount of camel-back strips for retreading rubber tires exported in Asia expanded remarkably to X tons, surging by 12% on 2020. In general, exports, however, showed a deep downturn. The growth pace was the most rapid in 2018 with an increase of 26%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, camel-back strips exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) and China (X tons) represented roughly 68% of total exports in 2021. Malaysia (X tons) held the next position in the ranking, followed by Japan (X tons). All these countries together took approx. 23% share of total exports. The following exporters - Turkey (X tons) and South Korea (X tons) - each amounted to a 4.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by India (with a CAGR of +11.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of exports in 2021, with a combined 85% share of total exports.

In terms of the main exporting countries, China, with a CAGR of +10.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 26% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Camel-Back Strips Imports

Imports in Asia

Camel-back strips imports fell to X tons in 2021, dropping by -13.9% on 2020 figures. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, camel-back strips imports amounted to $X in 2021. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 12%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of camel-back strips imports in 2021 were the United Arab Emirates (X tons), Turkey (X tons) and Hong Kong SAR (X tons), together finishing at 57% of total import. It was distantly followed by China (X tons), South Korea (X tons), the Philippines (X tons) and Israel (X tons), together achieving a 28% share of total imports. Japan (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest camel-back strips importing markets in Asia were Turkey ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X), with a combined 53% share of total imports. Israel, South Korea, China, the Philippines and Japan lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, Israel, with a CAGR of +21.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 17% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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