Mexico: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Mexico

The Mexican camel-back strips market reduced modestly to $X in 2021, with a decrease of -2.5% against the previous year. Overall, consumption, however, saw a resilient increase. Camel-back strips consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Camel-Back Strips Production in Mexico

In value terms, camel-back strips production totaled $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Camel-Back Strips Exports

Exports from Mexico

After seven years of decline, shipments abroad of camel-back strips for retreading rubber tires increased by 33% to X tons in 2021. Over the period under review, exports, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 60%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, camel-back strips exports skyrocketed to $X in 2021. In general, exports, however, faced a abrupt downturn. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X tons) was the main destination for camel-back strips exports from Mexico, with a 35% share of total exports. Moreover, camel-back strips exports to Hong Kong SAR exceeded the volume sent to the second major destination, Venezuela (X tons), threefold. Russia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (+13.4% per year) and Russia (-7.1% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for camel-back strips for retreading rubber tires exports from Mexico, comprising 43% of total exports. The second position in the ranking was taken by Russia ($X), with a 13% share of total exports. It was followed by Venezuela, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-9.2% per year) and Venezuela (+8.1% per year).

Export Prices by Country

In 2021, the average camel-back strips export price amounted to $X per ton, picking up by 2.9% against the previous year. Over the period under review, the export price, however, saw a mild slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Indonesia ($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 Croatia (+3.5%), while the prices for the other major destinations experienced a decline.

Camel-Back Strips Imports

Imports into Mexico

After three years of decline, overseas purchases of camel-back strips for retreading rubber tires increased by 69% to X tons in 2021. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 259% 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 surged to $X in 2021. In general, imports, however, continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of 145%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Australia (X tons), Brazil (X tons) and the United States (X tons) were the main suppliers of camel-back strips imports to Mexico, together accounting for 96% of total imports. China lagged somewhat behind, comprising a further 3.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest camel-back strips suppliers to Mexico were Brazil ($X), the United States ($X) and Australia ($X), with a combined 91% share of total imports. China lagged somewhat behind, accounting for a further 6.9%.

Among the main suppliers, China, with a CAGR of +48.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average camel-back strips import price stood at $X per ton in 2021, with an increase of 21% against the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 79% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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