EU: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in the EU

The EU aircraft tyre market contracted to $X in 2021, declining by -6.6% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. 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 the EU

In value terms, aircraft tyre production shrank slightly to $X in 2021 estimated in export price. In general, production, however, showed a mild contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Aircraft Tyre Exports

Exports in the EU

In 2021, approx. X units of tyres for aircraft were exported in the European Union; surging by 15% compared with the year before. In general, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports expanded notably to $X in 2021. Over the period under review, exports, however, recorded a mild slump. The growth pace was the most rapid in 2018 when exports increased by 21%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France was the main exporting country with an export of about X units, which resulted at 49% of total exports. Belgium (X units) ranks second in terms of the total exports with a 23% share, followed by the Netherlands (15%) and Spain (5.8%). The following exporters - Germany (X units) and Italy (X units) - together made up 5.9% of total exports.

France was also the fastest-growing in terms of the tyres for aircraft exports, with a CAGR of +2.6% from 2012 to 2021. Spain and Belgium experienced a relatively flat trend pattern. the Netherlands (-7.5%), Germany (-14.4%) and Italy (-25.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of France, Belgium and Spain increased by +21, +7.2 and +2.1 percentage points, respectively.

In value terms, France ($X) remains the largest aircraft tyre supplier in the European Union, comprising 50% of total exports. The second position in the ranking was held by Belgium ($X), with a 15% share of total exports. It was followed by Germany, with a 15% share.

In France, aircraft tyre exports increased at an average annual rate of +4.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (-7.3% per year) and Germany (-0.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, waning by -3.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 an increase of 20%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+25.1%), while the other leaders experienced more modest paces of growth.

Aircraft Tyre Imports

Imports in the EU

In 2021, purchases abroad of tyres for aircraft decreased by -1.2% to X units, falling for the second year in a row after four years of growth. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 16%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, aircraft tyre imports dropped to $X in 2021. Over the period under review, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 25%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

France was the largest importer of tyres for aircraft in the European Union, with the volume of imports recording X units, which was near 31% of total imports in 2021. Belgium (X units) took the second position in the ranking, followed by the Netherlands (X units), Italy (X units), Germany (X units) and Spain (X units). All these countries together took near 62% share of total imports. Luxembourg (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +34.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft tyre importing markets in the European Union were France ($X), Germany ($X) and Belgium ($X), together accounting for 58% of total imports. The Netherlands, Spain, Italy and Luxembourg lagged somewhat behind, together accounting for a further 34%.

Luxembourg, with a CAGR of +28.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, shrinking by -5.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2015 an increase of 31% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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