Germany: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Germany

The German aircraft tyre market declined dramatically to $X in 2021, which is down by -15.8% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.2% against 2019 indices. Aircraft tyre consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Aircraft Tyre Production in Germany

In value terms, aircraft tyre production dropped dramatically to $X in 2021 estimated in export price. In general, production continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2020 with an increase of 135%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Aircraft Tyre Exports

Exports from Germany

Aircraft tyre exports from Germany surged to X units in 2021, picking up by 25% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aircraft tyre exports amounted to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 76%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X units) was the main destination for aircraft tyre exports from Germany, accounting for a 27% share of total exports. Moreover, aircraft tyre exports to Russia exceeded the volume sent to the second major destination, the United States (X units), twofold. Hong Kong SAR (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.8% per year) and Hong Kong SAR (+1.5% per year).

In value terms, Russia ($X) remains the key foreign market for tyres for aircraft exports from Germany, comprising 53% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 18% share of total exports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+18.1% per year) and the United States (+7.0% per year).

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2021, waning by -8.3% against the previous year. Overall, the export price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 68%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per unit), while the average price for exports to China ($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 Thailand (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Germany

In 2021, aircraft tyre imports into Germany surged to X units, with an increase of 24% compared with the previous year's figure. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 58%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, aircraft tyre imports soared to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.1% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 78% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

France (X units), the United States (X units) and Belgium (X units) were the main suppliers of aircraft tyre imports to Germany, together comprising 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +55.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aircraft tyre suppliers to Germany were the United States ($X), France ($X) and Belgium ($X), together comprising 73% of total imports.

France, with a CAGR of +61.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2017 an increase of 18% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :