MENA: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in MENA

In 2021, the MENA's camel-back strips market decreased by -3.9% to $X for the first time since 2011, thus ending a nine-year rising trend. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.7% against 2012 indices. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Camel-Back Strips Production in MENA

In value terms, camel-back strips production contracted modestly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +81.3% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.4%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Camel-Back Strips Exports

Exports in MENA

In 2021, overseas shipments of camel-back strips for retreading rubber tires were finally on the rise to reach X tons after four years of decline. Overall, exports, however, saw a drastic downturn. Over the period under review, the exports reached 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 soared to $X in 2021. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) represented the main exporter of camel-back strips for retreading rubber tires, constituting 71% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with a 13% share, followed by Palestine (6.6%). The following exporters - Saudi Arabia (X tons), Israel (X tons) and Oman (X tons) - together made up 8.5% of total exports.

Exports from Turkey decreased at an average annual rate of -6.2% from 2012 to 2021. At the same time, Oman (+17.8%) and Palestine (+16.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +17.8% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Israel (-17.5%) and Saudi Arabia (-24.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey, the United Arab Emirates, Palestine and Oman increased by +10, +7, +5.8 and +1.7 percentage points, respectively.

In value terms, Turkey ($X) remains the largest camel-back strips supplier in MENA, comprising 65% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Palestine, with a 9.5% share.

In Turkey, camel-back strips exports decreased by an average annual rate of -12.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+0.6% per year) and Palestine (+17.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 21% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Palestine ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Palestine (+0.6%), while the other leaders experienced a decline in the export price figures.

Camel-Back Strips Imports

Imports in MENA

In 2021, after three years of decline, there was significant growth in supplies from abroad of camel-back strips for retreading rubber tires, when their volume increased by 19% to X tons. In general, imports, however, continue to indicate a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by 22% 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 skyrocketed to $X in 2021. Overall, imports, however, saw a deep reduction. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and Turkey (X tons) were the major importers of camel-back strips for retreading rubber tires in 2021, resulting at near 40% and 30% of total imports, respectively. Morocco (X tons) ranks next in terms of the total imports with a 9.9% share, followed by Israel (8.5%). Tunisia (X tons) and Palestine (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +79.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. These countries were followed by Israel, Tunisia and Palestine, which together accounted for a further 20%.

Tunisia, with a CAGR of +74.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the import price increased by 16%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform