Peru: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Peru

In 2021, the Peruvian camel-back strips market decreased by -1.8% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Camel-Back Strips Production in Peru

In value terms, camel-back strips production declined slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 13%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Camel-Back Strips Exports

Exports from Peru

In 2021, shipments abroad of camel-back strips for retreading rubber tires increased by 1.3% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a dramatic contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1.3% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, camel-back strips exports rose remarkably to $X in 2021. Over the period under review, exports, however, faced a sharp descent. The growth pace was the most rapid in 2016 when exports increased by 11%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for camel-back strips exports from Peru, accounting for a 87% share of total exports. Moreover, camel-back strips exports to the Netherlands exceeded the volume sent to the second major destination, Chile (X kg), more than tenfold. The third position in this ranking was taken by Portugal (X kg), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-33.5% per year) and Portugal (-55.3% per year).

In value terms, the Netherlands ($X) remains the key foreign market for camel-back strips for retreading rubber tires exports from Peru, comprising 91% of total exports. The second position in the ranking was taken by Portugal ($X), with a 2.7% share of total exports. It was followed by the Dominican Republic, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-55.9% per year) and the Dominican Republic (-39.8% per year).

Export Prices by Country

In 2021, the average camel-back strips export price amounted to $X per ton, surging by 5.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 18% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the average price for exports to Chile ($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 the United States (+29.6%), while the prices for the other major destinations experienced a decline.

Camel-Back Strips Imports

Imports into Peru

In 2021, purchases abroad of camel-back strips for retreading rubber tires was finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a pronounced decrease. The growth pace was the most rapid in 2014 with an increase of 71%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, camel-back strips imports soared to $X in 2021. In general, imports, however, saw a abrupt descent. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of camel-back strips to Peru, accounting for a 77% share of total imports. Moreover, camel-back strips imports from Brazil exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.5% per year) and Italy (+37.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of camel-back strips for retreading rubber tires to Peru, comprising 82% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.6% per year) and Italy (+42.3% per year).

Import Prices by Country

The average camel-back strips import price stood at $X per ton in 2021, surging by 26% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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