GCC: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in GCC

The GCC camel-back strips market reached $X in 2021, approximately reflecting the previous year. Over the period under review, consumption showed a slight decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Camel-Back Strips Production in GCC

In value terms, camel-back strips production declined modestly to $X in 2021 estimated in export price. Over the period under review, production enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 56,319%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Camel-Back Strips Exports

Exports in GCC

In 2021, overseas shipments of camel-back strips for retreading rubber tires increased by 3% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 133% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, camel-back strips exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 152%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the key exporter of camel-back strips for retreading rubber tires, comprising 69% of total exports. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Oman (X tons). All these countries together held near 30% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of camel-back strips for retreading rubber tires. At the same time, Oman (+17.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +17.8% from 2012-2021. By contrast, Saudi Arabia (-24.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Oman increased by +50 and +9.6 percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest camel-back strips supplier in GCC, comprising 75% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total exports.

In the United Arab Emirates, camel-back strips exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-28.3% per year) and Oman (+12.1% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, jumping by 83% against the previous year. Overall, the export price, however, showed a perceptible curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($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 Arab Emirates (-0.0%), while the other leaders experienced a decline in the export price figures.

Camel-Back Strips Imports

Imports in GCC

In 2021, supplies from abroad of camel-back strips for retreading rubber tires decreased by -2.8% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 107% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, camel-back strips imports fell to $X in 2021. Overall, imports continue to indicate a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) represented the major importer of camel-back strips for retreading rubber tires in GCC, generating 98% of total import.

The United Arab Emirates was also the fastest-growing in terms of the camel-back strips for retreading rubber tires imports, with a CAGR of +13.9% from 2012 to 2021. From 2012 to 2021, the share of the United Arab Emirates increased by +82 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported camel-back strips for retreading rubber tires in GCC.

In the United Arab Emirates, camel-back strips imports increased at an average annual rate of +6.8% over the period from 2012-2021.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, declining by -2.5% against the previous year. In general, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when the import price increased by 65%. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -6.3% per year.

Source: IndexBox Platform