U.S.: Camel-Back Strips Market 2024

Camel-Back Strips Market Size in the U.S.

The U.S. camel-back strips market expanded sharply to $X in 2021, surging by 8.7% against the previous year. In general, consumption, however, saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Camel-Back Strips Production in the U.S.

In value terms, camel-back strips production soared to $X in 2021. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. 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 pace of growth appeared the most rapid in 2019 with an increase of 45% against the previous year. 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 from the U.S.

In 2021, the amount of camel-back strips for retreading rubber tires exported from the United States expanded to X tons, growing by 4.4% compared with the year before. Over the period under review, exports, however, continue to indicate a significant decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, camel-back strips exports declined to $X in 2021. Overall, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 54%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for camel-back strips exports from the United States, accounting for a 44% share of total exports. Moreover, camel-back strips exports to Brazil exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was held by the United Arab Emirates (X tons), with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+16.4% per year) and the United Arab Emirates (+3.6% per year).

In value terms, Brazil ($X) emerged as the key foreign market for camel-back strips for retreading rubber tires exports from the United States, comprising 41% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports. It was followed by the United Arab Emirates, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+9.1% per year) and the United Arab Emirates (+3.5% per year).

Export Prices by Country

In 2021, the average camel-back strips export price amounted to $X per ton, which is down by -12% against the previous year. In general, the export price, however, saw a strong increase. The growth pace was the most rapid in 2016 an increase of 90%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Guatemala ($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 Vietnam (+79.2%), while the prices for the other major destinations experienced more modest paces of growth.

Camel-Back Strips Imports

Imports into the U.S.

In 2021, purchases abroad of camel-back strips for retreading rubber tires decreased by -48.2% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 77%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, camel-back strips imports fell significantly to $X in 2021. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest camel-back strips supplier to the United States, with a 73% share of total imports. Moreover, camel-back strips imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), sixfold. Brazil (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico totaled -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+49.6% per year) and Brazil (-19.9% per year).

In value terms, Mexico ($X) constituted the largest supplier of camel-back strips for retreading rubber tires to the United States, comprising 55% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Mexico totaled -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+50.8% per year) and Brazil (-15.6% per year).

Import Prices by Country

The average camel-back strips import price stood at $X per ton in 2021, rising by 60% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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