Oman: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Oman

In 2021, the Omani camel-back strips market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a precipitous decrease. Camel-back strips consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Camel-Back Strips Production in Oman

In value terms, camel-back strips production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.4% against the previous year. Camel-back strips production peaked at $X in 2020, and then declined in the following year.

Camel-Back Strips Exports

Exports from Oman

In 2021, shipments abroad of camel-back strips for retreading rubber tires increased by 79% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 1,469% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, camel-back strips exports surged to $X in 2021. In general, exports recorded buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 813% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for camel-back strips exports from Oman, with a 86% share of total exports. Moreover, camel-back strips exports to the United Arab Emirates exceeded the volume sent to the second major destination, Tanzania (X kg), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (0.0% per year) and Qatar (+95.1% per year).

In value terms, the United Arab Emirates ($X), Qatar ($X) and Tanzania ($X) were the largest markets for camel-back strips exported from Oman worldwide.

In terms of the main countries of destination, Qatar, with a CAGR of +129.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average camel-back strips export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 8.6%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+19.0%).

Camel-Back Strips Imports

Imports into Oman

In 2021, overseas purchases of camel-back strips for retreading rubber tires were finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of 315% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, camel-back strips imports surged to $X in 2021. Over the period under review, imports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 389%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), South Korea (X kg) and China (X kg) were the main suppliers of camel-back strips imports to Oman, together comprising 89% of total imports. Italy, Belgium, Taiwan (Chinese) and the United Arab Emirates lagged somewhat behind, together accounting for a further 6.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +28.5%), while imports for the other leaders experienced a decline.

In value terms, the largest camel-back strips suppliers to Oman were India ($X), South Korea ($X) and the United Arab Emirates ($X), with a combined 63% share of total imports. Taiwan (Chinese), Italy, China and Belgium lagged somewhat behind, together accounting for a further 26%.

Among the main suppliers, China, with a CAGR of -8.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average camel-back strips import price amounted to $X per ton, rising by 30% against the previous year. In general, the import price saw strong growth. The growth pace was the most rapid in 2019 an increase of 94%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+70.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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