Italy: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Italy

The Italian camel-back strips market declined notably to $X in 2021, which is down by -24.5% against the previous year. In general, consumption, however, enjoyed a perceptible expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Camel-Back Strips Production in Italy

In value terms, camel-back strips production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, posted a modest expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Camel-Back Strips Exports

Exports from Italy

In 2021, shipments abroad of camel-back strips for retreading rubber tires increased by 27% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a relatively flat trend pattern. The exports peaked 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 surged to $X in 2021. Overall, exports, however, recorded a pronounced slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Serbia (X tons) were the main destinations of camel-back strips exports from Italy, with a combined 58% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +24.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for camel-back strips for retreading rubber tires exports from Italy, comprising 28% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-13.4% per year) and Spain (-1.1% per year).

Export Prices by Country

The average camel-back strips export price stood at $X per ton in 2021, increasing by 3.6% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 6.8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 the UK (+0.9%), while the prices for the other major destinations experienced a decline.

Camel-Back Strips Imports

Imports into Italy

In 2021, the amount of camel-back strips for retreading rubber tires imported into Italy rose notably to X tons, picking up by 12% on 2020. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.5% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 50% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, camel-back strips imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest camel-back strips supplier to Italy, accounting for a 70% share of total imports. Moreover, camel-back strips imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.6% per year) and France (-6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of camel-back strips for retreading rubber tires to Italy, comprising 70% of total imports. The second position in the ranking was held by Austria ($X), with a 15% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-3.3% per year) and France (-8.9% per year).

Import Prices by Country

The average camel-back strips import price stood at $X per ton in 2021, with an increase of 6.6% against the previous year. In general, the import price, however, saw a noticeable slump. The growth pace was the most rapid in 2018 when the average import price increased by 22%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($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 Netherlands (+32.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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