Austria: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Austria

The Austrian aircraft tyre market reached $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Aircraft tyre consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Aircraft Tyre Production in Austria

In value terms, aircraft tyre production fell slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +15.7% against 2017 indices. The pace of growth appeared the most rapid in 2013 with an increase of 47%. Aircraft tyre production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Aircraft Tyre Exports

Exports from Austria

In 2021, overseas shipments of tyres for aircraft decreased by -56.6% to X units, falling for the second consecutive year after three years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 182% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, aircraft tyre exports reduced markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 204%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), the UK (X units) and Canada (X units) were the main destinations of aircraft tyre exports from Austria, together accounting for 71% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +51.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Canada ($X) constituted the largest markets for aircraft tyre exported from Austria worldwide, together accounting for 70% of total exports.

Canada, with a CAGR of +71.9%, saw 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.

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, picking up by 75% against the previous year. Over the period under review, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Germany ($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 Canada (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Austria

In 2021, imports of tyres for aircraft into Austria declined to X units, dropping by -3.7% against the previous year. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports rose significantly to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.7% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 57%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X units), Germany (X units) and Belgium (X units) were the main suppliers of aircraft tyre imports to Austria, with a combined 62% share of total imports. France, the United States, China, the UK and Luxembourg lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +25.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest aircraft tyre suppliers to Austria, together comprising 67% of total imports. The UK, France, Belgium, China and Luxembourg lagged somewhat behind, together comprising a further 25%.

China, with a CAGR of +158.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft tyre import price stood at $X per unit in 2021, surging by 12% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Luxembourg ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+50.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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