Report Update Nov 1, 2024

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

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Colombia: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Colombia

For the third year in a row, the Colombian aircraft tyre market recorded decline in sales value, which decreased by -13.8% to $X in 2021. Overall, consumption recorded a slight reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Aircraft Tyre Production in Colombia

In value terms, aircraft tyre production reduced notably to $X in 2021 estimated in export price. In general, production, however, posted resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 122% against the previous year. Aircraft tyre production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Aircraft Tyre Exports

Exports from Colombia

In 2021, exports of tyres for aircraft from Colombia surged to X units, picking up by 872% on the year before. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 967% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, aircraft tyre exports skyrocketed 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

The United States (X units) was the main destination for aircraft tyre exports from Colombia, with a 76% share of total exports. Moreover, aircraft tyre exports to the United States exceeded the volume sent to the second major destination, Chile (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +18.5%.

In value terms, the United States ($X) remains the key foreign market for tyres for aircraft exports from Colombia, comprising 70% of total exports. The second position in the ranking was taken by Chile ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +15.9%.

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, with an increase of 1.6% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The pace of growth was the most pronounced in 2014 an increase of 29% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.4%).

Aircraft Tyre Imports

Imports into Colombia

In 2021, imports of tyres for aircraft into Colombia skyrocketed to X units, increasing by 23% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a deep reduction. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, aircraft tyre imports declined to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 21%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of aircraft tyre to Colombia, accounting for a 45% share of total imports. Moreover, aircraft tyre imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by Thailand (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.4% per year) and Thailand (+13.4% per year).

In value terms, the largest aircraft tyre suppliers to Colombia were the United States ($X), Japan ($X) and Thailand ($X), together comprising 76% of total imports. Germany, France, Belgium and Russia lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Germany, with a CAGR of +169.4%, recorded the highest rates of growth with regard to 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, dropping by -21.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 18% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then fell significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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, with a combined 48% share 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 Colombia?

In value terms, the United States, Japan and Thailand appeared to be the largest aircraft tyre suppliers to Colombia, together comprising 76% of total imports. These countries were followed by Germany, France, Belgium and Russia, which together accounted for a further 22%.

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

In value terms, the United States remains the key foreign market for aircraft tyre exports from Colombia, comprising 70% of total exports. The second position in the ranking was occupied by Chile, with a 27% share of total exports.

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

In 2021, the average aircraft tyre export price amounted to $595 per unit, rising by 1.6% against the previous year.

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

The average aircraft tyre import price stood at $804 per unit in 2021, surging by 2.4% against the previous year.

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

Colombia

Data coverage:

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