Chile: Aircraft Tyre Market 2025

Aircraft Tyre Market Size in Chile

The Chilean aircraft tyre market declined remarkably to $X in 2021, waning by -32.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed notable growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Aircraft Tyre Exports

Exports from Chile

In 2021, exports of tyres for aircraft from Chile contracted rapidly to X units, shrinking by -78.6% compared with 2020 figures. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 2,867%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft tyre exports shrank notably to $X in 2021. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2019 with an increase of 7,466%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units) and Venezuela (X units) were the main destinations of aircraft tyre exports from Chile.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of -27.5%).

In value terms, Venezuela ($X) remains the key foreign market for tyres for aircraft exports from Chile, comprising 88% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Venezuela amounted to -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-30.5% per year) and the United States (-19.6% per year).

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2021, rising by 21% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 162%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Venezuela ($X per unit), while the average price for exports to Spain ($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 Argentina (+217.5%), while the prices for the other major destinations experienced mixed trend patterns.

Aircraft Tyre Imports

Imports into Chile

Aircraft tyre imports into Chile fell notably to X units in 2021, shrinking by -48.2% against the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 130% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, aircraft tyre imports shrank to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.7% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 89%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest aircraft tyre supplier to Chile, accounting for a 59% share of total imports. Moreover, aircraft tyre imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X units), threefold. The UK (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+583.3% per year) and the UK (+47.7% per year).

In value terms, Colombia ($X), the United States ($X) and the UK ($X) were the largest aircraft tyre suppliers to Chile, with a combined 89% share of total imports.

Colombia, with a CAGR of +913.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aircraft tyre import price stood at $X per unit in 2021, with an increase of 70% against the previous year. Overall, the import price recorded modest growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 109% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+50.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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