Czech Republic: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in the Czech Republic

The Czech aircraft tyre market shrank to $X in 2021, dropping by -11.7% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Aircraft tyre consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Aircraft Tyre Production in the Czech Republic

In value terms, aircraft tyre production fell significantly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 57% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Aircraft Tyre Exports

Exports from the Czech Republic

For the third year in a row, the Czech Republic recorded decline in overseas shipments of tyres for aircraft, which decreased by -46.2% to X units in 2021. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 111%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft tyre exports declined to $X in 2021. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 77%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units), Bulgaria (X units) and Hungary (X units) were the main destinations of aircraft tyre exports from the Czech Republic, with a combined 34% share of total exports. These countries were followed by France, the UK, Uganda, Tunisia, the United States, Sweden, Slovenia, Estonia, Denmark and Slovakia, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +38.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aircraft tyre exported from the Czech Republic were Russia ($X), France ($X) and Bulgaria ($X), with a combined 40% share of total exports. Tunisia, Uganda, the United States, the UK, Hungary, Slovakia, Slovenia, Denmark, Estonia and Sweden lagged somewhat behind, together accounting for a further 39%.

Denmark, with a CAGR of +76.9%, recorded the highest growth rate of the value of exports, among 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, with an increase of 74% against the previous year. In general, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 101%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Tunisia ($X per unit), while the average price for exports to Sweden ($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 the United States (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into the Czech Republic

For the third consecutive year, the Czech Republic recorded decline in supplies from abroad of tyres for aircraft, which decreased by -8.6% to X units in 2021. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by 109% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, aircraft tyre imports surged to $X in 2021. Overall, imports recorded a noticeable slump. The growth pace was the most rapid in 2016 when imports increased by 201% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), the Netherlands (X units) and Slovenia (X units) were the main suppliers of aircraft tyre imports to the Czech Republic, with a combined 73% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of tyres for aircraft to the Czech Republic, comprising 40% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.0% per year) and Germany (+32.2% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, increasing by 51% against the previous year. In general, the import price posted a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 135%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+48.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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