Dominican Republic: Aircraft Tyre Market 2025

Aircraft Tyre Market Size in the Dominican Republic

In 2021, the Dominican aircraft tyre market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a measured increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aircraft Tyre Exports

Exports from the Dominican Republic

In 2021, overseas shipments of tyres for aircraft decreased by -44.9% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2015 when exports increased by 400% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then declined rapidly in the following year.

In value terms, aircraft tyre exports shrank dramatically to $X in 2021. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 358% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then shrank significantly in the following year.

Exports by Country

The United States (X units) was the main destination for aircraft tyre exports from the Dominican Republic, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +4.5%.

In value terms, the United States ($X) also remains the key foreign market for tyres for aircraft exports from the Dominican Republic.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -4.2%.

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, declining by -45.2% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for France amounted to +3.3% per year.

Aircraft Tyre Imports

Imports into the Dominican Republic

In 2021, overseas purchases of tyres for aircraft were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports saw mild growth. The pace of growth appeared the most rapid in 2013 with an increase of 84% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports skyrocketed to $X in 2021. Overall, imports saw perceptible growth. The growth pace was the most rapid in 2013 when imports increased by 82%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of aircraft tyre to the Dominican Republic, accounting for a 78% share of total imports. Moreover, aircraft tyre imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), ninefold. Brazil (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.5% per year) and Brazil (-3.3% per year).

In value terms, the United States ($X) constituted the largest supplier of tyres for aircraft to the Dominican Republic, comprising 69% of total imports. The second position in the ranking was taken by Panama ($X), with a 15% share of total imports. It was followed by Brazil, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+13.2% per year) and Brazil (+5.1% per year).

Import Prices by Country

The average aircraft tyre import price stood at $X per unit in 2021, dropping by -13.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 10% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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