Northern America: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Northern America

The North American camel-back strips market rose significantly to $X in 2021, surging by 8.6% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Camel-Back Strips Production in Northern America

In value terms, camel-back strips production surged to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 decreased by -11.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Camel-Back Strips Exports

Exports in Northern America

In 2021, approx. X tons of camel-back strips for retreading rubber tires were exported in Northern America; approximately equating 2020 figures. Overall, exports, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 13% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, camel-back strips exports declined to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 59% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was near 92% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 7.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to camel-back strips exports from the United States stood at -22.2%. At the same time, Canada (+28.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +28.9% from 2012-2021. While the share of Canada (+7.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-7.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest camel-back strips supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.6% share of total exports.

In the United States, camel-back strips exports shrank by an average annual rate of -12.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, which is down by -9.2% against the previous year. Over the period under review, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2016 when the export price increased by 86% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 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 the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.8%).

Camel-Back Strips Imports

Imports in Northern America

In 2021, the amount of camel-back strips for retreading rubber tires imported in Northern America fell markedly to X tons, reducing by -45.4% compared with the previous year. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 136%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, camel-back strips imports declined notably to $X in 2021. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2019 when imports increased by 116%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the major importer of camel-back strips for retreading rubber tires, comprising 75% of total imports. It was distantly followed by Canada (X tons), committing a 25% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to camel-back strips imports into the United States stood at -11.1%. At the same time, Canada (+31.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +31.9% from 2012-2021. Canada (+24 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -24.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported camel-back strips for retreading rubber tires in Northern America, comprising 73% of total imports. The second position in the ranking was taken by Canada ($X), with a 27% share of total imports.

In the United States, camel-back strips imports contracted by an average annual rate of -9.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 47% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%).

Source: IndexBox Platform

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