South-Eastern Asia: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in South-Eastern Asia

In 2021, after two years of growth, there was significant decline in the Southeast Asian camel-back strips market, when its value decreased by -6% to $X. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by 5.4%. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Camel-Back Strips Production in South-Eastern Asia

In value terms, camel-back strips production stood at $X in 2021 estimated in export price. Over the period under review, production saw a slight descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 6.7% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Camel-Back Strips Exports

Exports in South-Eastern Asia

In 2021, overseas shipments of camel-back strips for retreading rubber tires increased by 3.3% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a precipitous decline. The growth pace was the most rapid in 2018 with an increase of 11% 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 failed to regain momentum.

In value terms, camel-back strips exports surged to $X in 2021. Overall, exports, however, showed a significant decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia represented the main exporter of camel-back strips for retreading rubber tires in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Vietnam (X tons), constituting a 10% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Exports from Malaysia decreased at an average annual rate of -24.8% from 2012 to 2021. Singapore experienced a relatively flat trend pattern. Vietnam (-9.4%) illustrated a downward trend over the same period. Vietnam (+8.2 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest camel-back strips supplier in South-Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total exports.

In Malaysia, camel-back strips exports decreased by an average annual rate of -27.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (-2.3% per year) and Singapore (-4.6% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, picking up by 12% against the previous year. In general, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 18%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.8%), while the other leaders experienced a decline in the export price figures.

Camel-Back Strips Imports

Imports in South-Eastern Asia

After three years of growth, purchases abroad of camel-back strips for retreading rubber tires decreased by -64.9% to X tons in 2021. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of 117%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, camel-back strips imports contracted remarkably to $X in 2021. Over the period under review, imports showed a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 51%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines was the largest importing country with an import of around X tons, which recorded 66% of total imports. It was distantly followed by Indonesia (X tons), achieving a 23% share of total imports. The following importers - Singapore (X tons), Thailand (X tons) and Malaysia (X tons) - together made up 8.6% of total imports.

The Philippines was also the fastest-growing in terms of the camel-back strips for retreading rubber tires imports, with a CAGR of +4.0% from 2012 to 2021. Malaysia (-3.6%), Thailand (-17.5%), Indonesia (-28.0%) and Singapore (-30.4%) illustrated a downward trend over the same period. While the share of the Philippines (+59 p.p.) and Malaysia (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-11.1 p.p.) and Indonesia (-48.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 85% of total imports.

Among the main importing countries, the Philippines, with a CAGR of -0.5%, 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 in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, rising by 46% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 56%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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