Report Update Nov 1, 2024

Bulgaria - Tyres for Aircraft - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Bulgaria

In 2021, the Bulgarian aircraft tyre market decreased by -3.4% to $X, falling for the sixth consecutive year after four years of growth. In general, consumption showed a perceptible reduction. Aircraft tyre consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Aircraft Tyre Production in Bulgaria

In value terms, aircraft tyre production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Aircraft Tyre Exports

Exports from Bulgaria

In 2021, shipments abroad of tyres for aircraft was finally on the rise to reach X units after three years of decline. In general, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aircraft tyre exports surged to $X in 2021. Overall, exports continue to indicate a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iran (X units), Armenia (X units) and Turkey (X units) were the main destinations of aircraft tyre exports from Bulgaria, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +28.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aircraft tyre exported from Bulgaria were Iran ($X), Armenia ($X) and Turkey ($X), together accounting for 99% of total exports.

Among the main countries of destination, Iran, with a CAGR of +36.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, growing by 9.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Armenia ($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 Greece (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Bulgaria

In 2021, supplies from abroad of tyres for aircraft increased by 27% to X units, rising for the third year in a row after two years of decline. In general, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2016 with an increase of 417%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, aircraft tyre imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 548% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest aircraft tyre supplier to Bulgaria, accounting for a 60% share of total imports. Moreover, aircraft tyre imports from the UK exceeded the figures recorded by the second-largest supplier, Kuwait (X units), sevenfold. Russia (X units) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (0.0% per year) and Russia (-9.9% per year).

In value terms, the UK ($X) constituted the largest supplier of tyres for aircraft to Bulgaria, comprising 65% of total imports. The second position in the ranking was held by Russia ($X), with a 16% share of total imports. It was followed by Kuwait, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-11.4% per year) and Kuwait (0.0% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, jumping by 36% against the previous year. Over the period under review, the import price, however, recorded a mild setback. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+44.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for aircraft in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. Italy, Brazil, Japan, the UK, Russia, Canada, Vietnam, the United Arab Emirates, the Philippines and Saudi Arabia lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of tyres for aircraft in the world?

The countries with the highest volumes of in 2021 were Thailand, China and Japan, together accounting for 48% of global production. These countries were followed by India, the UK, Brazil, France, Italy, Russia, the Philippines, Vietnam, Belgium and Saudi Arabia, which together accounted for a further 35%.

What are the leading suppliers of tyres for aircraft to Bulgaria?

In value terms, the UK constituted the largest supplier of aircraft tyre to Bulgaria, comprising 65% of total imports. The second position in the ranking was occupied by Russia, with a 16% share of total imports. It was followed by Kuwait, with a 6.8% share.

What are the leading importers of tyres for aircraft from Bulgaria?

In value terms, the largest markets for aircraft tyre exported from Bulgaria were Iran, Armenia and Turkey, together accounting for 99% of total exports.

What is the average export price for tyres for aircraft in Bulgaria?

The average aircraft tyre export price stood at $564 per unit in 2021, picking up by 10% against the previous year.

What is the average import price for tyres for aircraft in Bulgaria?

The average aircraft tyre import price stood at $639 per unit in 2021, with an increase of 14% against the previous year.

This report provides an in-depth analysis of the aircraft tyre market in Bulgaria. 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:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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