Thailand: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in Thailand

In 2021, the Thai camel-back strips market decreased by -3.5% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption, however, continues to indicate buoyant growth. Camel-back strips consumption peaked at $X in 2020, and then fell modestly in the following year.

Camel-Back Strips Production in Thailand

In value terms, camel-back strips production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 14%. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Camel-Back Strips Exports

Exports from Thailand

In 2019, overseas shipments of camel-back strips for retreading rubber tires decreased by -16% to X tons, falling for the second year in a row after three years of growth. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 24% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

In value terms, camel-back strips exports skyrocketed to $X in 2019. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 29%. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for camel-back strips exports from Thailand, accounting for a 69% share of total exports. Moreover, camel-back strips exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ethiopia (X tons), fivefold. Egypt (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2019, the average annual growth rate of volume to the United Arab Emirates amounted to +1,324.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+4,900.0% per year) and Egypt (+464.1% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for camel-back strips for retreading rubber tires exports from Thailand, comprising 63% of total exports. The second position in the ranking was taken by Egypt ($X), with a 13% share of total exports. It was followed by Ethiopia, with an 11% share.

From 2012 to 2019, the average annual growth rate of value to the United Arab Emirates stood at +1,298.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+294.7% per year) and Ethiopia (+3,238.2% per year).

Export Prices by Country

In 2019, the average camel-back strips export price amounted to $X per ton, growing by 46% against the previous year. In general, export price indicated a measured increase from 2012 to 2019: its price increased at an average annual rate of +2.7% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, camel-back strips export price increased by +94.3% against 2017 indices. The export price peaked at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Camel-Back Strips Imports

Imports into Thailand

Camel-back strips imports into Thailand declined remarkably to X tons in 2021, with a decrease of -17.7% on the previous year. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 65% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, camel-back strips imports soared to $X in 2021. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2015 when imports increased by 60%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) was the main camel-back strips supplier to Thailand, accounting for a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia amounted to -17.0%.

In value terms, Malaysia ($X) constituted the largest supplier of camel-back strips for retreading rubber tires to Thailand.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at -10.0%.

Import Prices by Country

The average camel-back strips import price stood at $X per ton in 2021, picking up by 48% against the previous year. Over the period under review, the import price saw a remarkable increase. The growth pace was the most rapid in 2020 when the average import price increased by 90% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to +8.5% per year.

Source: IndexBox Platform

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