Middle East: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in the Middle East

In 2021, after nine years of growth, there was decline in the Middle Eastern camel-back strips market, when its value decreased by -4.1% to $X. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.4% against 2012 indices. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Camel-Back Strips Production in the Middle East

In value terms, camel-back strips production contracted slightly to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. 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% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then declined in the following year.

Camel-Back Strips Exports

Exports in the Middle East

Camel-back strips exports soared to X tons in 2021, jumping by 73% on 2020 figures. Overall, exports, however, recorded a abrupt contraction. The volume of export peaked 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. In general, exports, however, showed a abrupt decrease. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey represented the key exporter of camel-back strips for retreading rubber tires in the Middle East, with the volume of exports finishing at X tons, which was approx. 71% of total exports in 2021. The United Arab Emirates (X tons) held the second position in the ranking, followed by Palestine (X tons). All these countries together took near 19% share of total exports. 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 the Middle East, 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. Turkey (+10 p.p.), the United Arab Emirates (+7 p.p.), Palestine (+5.8 p.p.) and Oman (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Israel and Saudi Arabia saw its share reduced by -4.8% and -19.1% from 2012 to 2021, respectively.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to -12.8%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+0.6% per year) and Palestine (+17.4% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by 22% against the previous year. In general, the export price, however, recorded a abrupt decline. The growth pace was the most rapid in 2018 when the export price increased by 24%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 the Middle East

In 2021, after three years of decline, there was significant growth in overseas purchases of camel-back strips for retreading rubber tires, when their volume increased by 8.2% to X tons. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 26% 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 soared to $X in 2021. In general, imports, however, recorded a deep downturn. 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) represented the key importers of camel-back strips for retreading rubber tires in 2021, amounting to near 47% and 35% of total imports, respectively. It was distantly followed by Israel (X tons), generating a 10% share of total imports. The following importers - Palestine (X tons) and Yemen (X tons) - each finished at a 3.9% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +19.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest camel-back strips importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 88% of total imports.

Israel, with a CAGR of +21.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 7.8% against the previous year. In general, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2018 an increase of 17%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Yemen (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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