Hungary: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Hungary

The Hungarian camel-back strips market shrank sharply to $X in 2021, declining by -98.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a sharp downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Camel-Back Strips Exports

Exports from Hungary

In 2021, overseas shipments of camel-back strips for retreading rubber tires decreased by -99.6% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2017 when exports increased by 4,700% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, camel-back strips exports declined sharply to $X in 2021. Overall, exports, however, showed pronounced growth. The pace of growth was the most pronounced in 2017 with an increase of 4,360% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X kg) was the main destination for camel-back strips exports from Hungary, accounting for a 66% share of total exports. Moreover, camel-back strips exports to Turkey exceeded the volume sent to the second major destination, Serbia (X kg), threefold. The Czech Republic (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+12.4% per year) and the Czech Republic (+27.1% per year).

In value terms, Turkey ($X) emerged as the key foreign market for camel-back strips for retreading rubber tires exports from Hungary, comprising 71% of total exports. The second position in the ranking was taken by Serbia ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+10.6% per year) and the Czech Republic (+8.2% per year).

Export Prices by Country

The average camel-back strips export price stood at $X per ton in 2021, surging by 88% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Turkey ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Slovakia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Camel-Back Strips Imports

Imports into Hungary

In 2021, imports of camel-back strips for retreading rubber tires into Hungary reduced remarkably to X tons, with a decrease of -98.8% compared with the year before. Overall, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 173%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, camel-back strips imports reduced markedly to $X in 2021. Over the period under review, imports saw a sharp slump. The most prominent rate of growth was recorded in 2018 when imports increased by 169%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X kg) and Germany (X kg) were the main suppliers of camel-back strips imports to Hungary.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of -3.6%).

In value terms, Germany ($X) and Austria ($X) constituted the largest camel-back strips suppliers to Hungary.

Germany, with a CAGR of -13.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average camel-back strips import price stood at $X per ton in 2021, with a decrease of -37.4% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 42% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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