CIS: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in CIS

In 2021, after two years of decline, there was significant growth in the CIS aircraft tyre market, when its value increased by 43% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Aircraft Tyre Production in CIS

In value terms, aircraft tyre production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a temperate expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 79% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Aircraft Tyre Exports

Exports in CIS

Aircraft tyre exports surged to X units in 2021, jumping by 38% on the previous year's figure. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of 216% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, aircraft tyre exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 247% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Russia dominates exports structure, amounting to X units, which was near 97% of total exports in 2021. Belarus (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to aircraft tyre exports from Russia stood at -6.0%. At the same time, Belarus (+12.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +12.3% from 2012-2021. Belarus (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest aircraft tyre supplier in the CIS, comprising 98% of total exports. The second position in the ranking was taken by Belarus ($X), with a 1.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, increasing by 21% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aircraft tyre export price increased by +27.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 38%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per unit), while Belarus stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.3%).

Aircraft Tyre Imports

Imports in CIS

In 2021, aircraft tyre imports in the CIS soared to X units, growing by 37% on the previous year. Overall, imports, however, continue to indicate a abrupt shrinkage. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aircraft tyre imports surged to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the major importing country with an import of about X units, which accounted for 69% of total imports. Kazakhstan (X units) held the second position in the ranking, followed by Belarus (X units) and Azerbaijan (X units). All these countries together took approx. 26% share of total imports. Uzbekistan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to aircraft tyre imports into Russia stood at -9.8%. At the same time, Kazakhstan (+1.6%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +1.6% from 2012-2021. By contrast, Azerbaijan (-1.8%), Belarus (-4.8%) and Uzbekistan (-10.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+6.3 p.p.), Belarus (+2.8 p.p.) and Azerbaijan (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tyres for aircraft in the CIS, comprising 68% of total imports. The second position in the ranking was taken by Azerbaijan ($X), with a 10% share of total imports. It was followed by Kazakhstan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at -8.2%. In the other countries, the average annual rates were as follows: Azerbaijan (+4.1% per year) and Kazakhstan (+4.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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