Eastern Europe: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Eastern Europe

The East European aircraft tyre market expanded rapidly to $X in 2021, with an increase of 12% against the previous year. In general, consumption, however, continues to indicate a mild contraction. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Aircraft Tyre Production in Eastern Europe

In value terms, aircraft tyre production rose significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 46% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Aircraft Tyre Exports

Exports in Eastern Europe

Aircraft tyre exports soared to X units in 2021, jumping by 32% on the previous year's figure. Overall, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2019 when exports increased by 156%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, aircraft tyre exports soared to $X in 2021. Over the period under review, exports, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 157% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, accounting for X units, which was near 85% of total exports in 2021. Bulgaria (X units), the Czech Republic (X units), Belarus (X units) and Ukraine (X units) held a relatively small 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, Bulgaria (+19.1%) and Belarus (+12.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +19.1% from 2012-2021. By contrast, Ukraine (-3.6%) and the Czech Republic (-17.1%) illustrated a downward trend over the same period. While the share of Russia (+7.9 p.p.), Bulgaria (+3.7 p.p.) and Belarus (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest aircraft tyre supplier in Eastern Europe, comprising 89% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 4.2% share of total exports. It was followed by Bulgaria, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value in Russia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-7.4% per year) and Bulgaria (+18.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, jumping by 20% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% 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 +29.0% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 28% against the previous year. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.7%), while the other leaders experienced more modest paces of growth.

Aircraft Tyre Imports

Imports in Eastern Europe

In 2021, supplies from abroad of tyres for aircraft increased by 42% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports surged to $X in 2021. In general, imports, however, recorded a noticeable shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia was the key importer of tyres for aircraft in Eastern Europe, with the volume of imports recording X units, which was approx. 57% of total imports in 2021. Ukraine (X units) ranks second in terms of the total imports with an 18% share, followed by Belarus (8.3%) and Romania (6.5%). Poland (X units) and the Czech Republic (X units) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of -9.8% from 2012 to 2021. At the same time, Romania (+13.5%) and Poland (+4.5%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +13.5% from 2012-2021. Ukraine experienced a relatively flat trend pattern. By contrast, Belarus (-4.8%) and the Czech Republic (-14.4%) illustrated a downward trend over the same period. Ukraine (+9.4 p.p.), Romania (+5.4 p.p.), Poland (+1.7 p.p.) and Belarus (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the Czech Republic and Russia saw its share reduced by -2% and -17.5% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported tyres for aircraft in Eastern Europe, comprising 56% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 24% share of total imports. It was followed by Belarus, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to -8.2%. In the other countries, the average annual rates were as follows: Ukraine (+6.1% per year) and Belarus (-2.1% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2021, jumping by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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