China: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in China

The Chinese camel-back strips market shrank notably to $X in 2021, reducing by -55.5% against the previous year. In general, consumption continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 9.8%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Camel-Back Strips Production in China

In value terms, camel-back strips production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53% against the previous year. Camel-back strips production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Camel-Back Strips Exports

Exports from China

In 2021, approx. X tons of camel-back strips for retreading rubber tires were exported from China; picking up by 18% against 2020. In general, exports recorded a notable expansion. The pace of growth was the most pronounced in 2017 with an increase of 56% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, camel-back strips exports soared to $X in 2021. Overall, exports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 176% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons) was the main destination for camel-back strips exports from China, accounting for a 24% share of total exports. Moreover, camel-back strips exports to India exceeded the volume sent to the second major destination, Nigeria (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India amounted to +76.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+56.4% per year) and Indonesia (+83.6% per year).

In value terms, India ($X) remains the key foreign market for camel-back strips for retreading rubber tires exports from China, comprising 38% of total exports. The second position in the ranking was held by Indonesia ($X), with a 6% share of total exports. It was followed by Ghana, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India totaled +103.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+97.2% per year) and Ghana (+12.9% per year).

Export Prices by Country

In 2021, the average camel-back strips export price amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, camel-back strips export price increased by +53.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 105% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Camel-Back Strips Imports

Imports into China

After three years of decline, purchases abroad of camel-back strips for retreading rubber tires increased by 19% to X tons in 2021. Over the period under review, imports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 275%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, camel-back strips imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 244% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest camel-back strips supplier to China, with a 88% share of total imports. Moreover, camel-back strips imports from Malaysia exceeded the figures recorded by the second-largest supplier, Australia (X tons), more than tenfold. The third position in this ranking was taken by the United States (X kg), with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+68.5% per year) and the United States (-40.8% per year).

In value terms, Malaysia ($X) constituted the largest supplier of camel-back strips for retreading rubber tires to China, comprising 59% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.6% share of total imports. It was followed by the United States, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+70.4% per year) and the United States (-29.9% per year).

Import Prices by Country

In 2021, the average camel-back strips import price amounted to $X per ton, increasing by 20% against the previous year. In general, the import price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 26%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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