Australia: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Australia

The Australian aircraft tyre market expanded modestly to $X in 2021, growing by 2.8% against the previous year. In general, consumption, however, saw a mild increase. Aircraft tyre consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Aircraft Tyre Production in Australia

In value terms, aircraft tyre production declined to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The growth pace was the most rapid in 2013 when the production volume increased by 670%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Aircraft Tyre Exports

Exports from Australia

In 2021, the amount of tyres for aircraft exported from Australia soared to X units, growing by 36% against the previous year. In general, exports recorded notable growth. The most prominent rate of growth was recorded in 2013 when exports increased by 106% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, aircraft tyre exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2018 with an increase of 66%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units) was the main destination for aircraft tyre exports from Australia, accounting for a 50% share of total exports. Moreover, aircraft tyre exports to Thailand exceeded the volume sent to the second major destination, New Zealand (X units), twofold. The third position in this ranking was taken by China (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+9.3% per year) and China (+92.5% per year).

In value terms, Thailand ($X) remains the key foreign market for tyres for aircraft exports from Australia, comprising 29% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by China, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Thailand totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.8% per year) and China (+70.2% per year).

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, the export price, however, showed a perceptible descent. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+5.1%), while the prices for the other major destinations experienced a decline.

Aircraft Tyre Imports

Imports into Australia

In 2021, approx. X units of tyres for aircraft were imported into Australia; with an increase of 24% against the previous year's figure. In general, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2018 with an increase of 25% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aircraft tyre imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Thailand (X units) and Singapore (X units) were the main suppliers of aircraft tyre imports to Australia, together accounting for 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +12.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest aircraft tyre suppliers to Australia were the United States ($X), Thailand ($X) and Singapore ($X), with a combined 82% share of total imports.

Among the main suppliers, Singapore, with a CAGR of +12.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, with an increase of 6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 45%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Hong Kong SAR ($X per unit) and the United States ($X per unit), while the price for Thailand ($X per unit) and Singapore ($X per unit) were 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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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