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United Kingdom - Tyres For Aircraft - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

United Kingdom - Tyres For Aircraft - Market Analysis, Forecast, Size, Trends And Insights

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Jun 25, 2023

UK Aircraft Tyre Price Soars to $1,014 per Unit

United Kingdom Aircraft Tyre Export Price in March 2023

In March 2023, the aircraft tyre price stood at $1,014 per unit (FOB, United Kingdom), picking up by 16% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in August 2022 an increase of 24% month-to-month. Over the period under review, the average export prices reached the peak figure in March 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Saudi Arabia ($1,722 per unit), while the average price for exports to New Zealand ($478 per unit) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Aircraft Tyre in United Kingdom (USD per unit)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Saudi Arabia1,2922,0322,2512,3341,8612,0081,4102,4861,4191,2342,0459011,722
Germany5706262455046456204159814397545784021,330
France3291,0701,4976027461,6024879312,0301,0581,6101,1881,251
Ethiopia9198625066982029747435504976774603961,165
United Arab Emirates1,8239449187441,2568177371,0853,4447631,0871,0821,111
Italy7,1545713287083532056198027302,7653,3279921,079
Kenya1,1346566748906515466361,0037956775307951,059
Tanzania3,196710683N/A1,9546131,1046904,3859429621,0711,051
Democratic Republic of the CongoN/AN/AN/AN/AN/AN/AN/AN/A913N/AN/A2,8391,011
United States658960831627647878729968604863768761732
Spain1,2571,4117541,1037391,8361,4601,1554,6111,398715891731
South Africa7198654995741,3681,272654817968791619776567
New ZealandN/AN/AN/AN/A243N/AN/AN/AN/AN/AN/A1,836478
Average8381,0058267997769638449978808399548731,014

United Kingdom Aircraft Tyre Exports

In March 2023, overseas shipments of tyres for aircraft were finally on the rise to reach 6K units for the first time since December 2022, thus ending a two-month declining trend. Overall, total exports indicated mild growth from March 2022 to March 2023: its volume increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +15.4% against February 2023 indices. The pace of growth appeared the most rapid in July 2022 when exports increased by 39% m-o-m. As a result, the exports attained the peak of 8.9K units. From August 2022 to March 2023, the growth of the exports failed to regain momentum.

In value terms, aircraft tyre exports soared to $6.1M (IndexBox estimates) in March 2023. In general, total exports indicated a notable increase from March 2022 to March 2023: its value increased at an average monthly rate of +3.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, exports increased by +34.0% against February 2023 indices. The pace of growth was the most pronounced in October 2022 with an increase of 61% m-o-m. As a result, the exports attained the peak of $7.6M. From November 2022 to March 2023, the growth of the exports remained at a somewhat lower figure.

United Kingdom Aircraft Tyre Exports by Country

The United States (1.4K units) was the main destination for aircraft tyre exports from the UK, accounting for a 23% share of total exports. Moreover, aircraft tyre exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (650 units), twofold. The third position in this ranking was held by Germany (437 units), with a 7.2% share.

From March 2022 to March 2023, the average monthly growth rate of volume to the United States totaled -1.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (+28.9% per month) and Germany (+1.4% per month).

In value terms, the largest markets for aircraft tyre exported from the UK were the United States ($1M), the United Arab Emirates ($722K) and Saudi Arabia ($678K), together comprising 39% of total exports. These countries were followed by Germany, Italy, Kenya, France, New Zealand, Ethiopia, Tanzania, Democratic Republic of the Congo, South Africa and Spain, which together accounted for a further 40%.

Kenya, with a CAGR of +34.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aircraft tyre market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 22111370 - New pneumatic rubber tyres for aircraft

Country coverage:

  • United Kingdom

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the UK
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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