Malaysia: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Malaysia

In 2021, the Malaysian camel-back strips market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a resilient increase. Camel-back strips consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Camel-Back Strips Production in Malaysia

In value terms, camel-back strips production rose slightly to $X in 2021 estimated in export price. Over the period under review, production showed a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 7% against the previous year. Camel-back strips production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Camel-Back Strips Exports

Exports from Malaysia

In 2021, shipments abroad of camel-back strips for retreading rubber tires was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a significant contraction. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. The exports 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 skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a precipitous slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for camel-back strips exports from Malaysia, accounting for a 63% share of total exports. Moreover, camel-back strips exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-24.0% per year) and the United Arab Emirates (-36.9% per year).

In value terms, China ($X) remains the key foreign market for camel-back strips for retreading rubber tires exports from Malaysia, comprising 45% of total exports. The second position in the ranking was held by Indonesia ($X), with an 18% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-28.9% per year) and Thailand (-21.7% per year).

Export Prices by Country

The average camel-back strips export price stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, saw a perceptible curtailment. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Thailand ($X per ton), while the average price for exports to China ($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 United States (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Camel-Back Strips Imports

Imports into Malaysia

In 2021, supplies from abroad of camel-back strips for retreading rubber tires decreased by -78.3% to X tons, falling for the fourth year in a row after two years of growth. In general, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 1,746% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, camel-back strips imports reduced sharply to $X in 2021. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 951% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of camel-back strips to Malaysia, with a 86% share of total imports. Moreover, camel-back strips imports from Indonesia exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold. China (X kg) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia totaled -54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-77.1% per year) and China (-19.6% per year).

In value terms, Indonesia ($X) constituted the largest supplier of camel-back strips for retreading rubber tires to Malaysia, comprising 81% of total imports. The second position in the ranking was held by China ($X), with an 8.5% share of total imports. It was followed by the UK, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia amounted to -58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.4% per year) and the UK (-33.1% per year).

Import Prices by Country

In 2021, the average camel-back strips import price amounted to $X per ton, growing by 34% against the previous year. Overall, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 45% against the previous year. Over the period under review, average 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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