Indonesia: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Indonesia

The Indonesian aircraft tyre market reduced to $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Aircraft tyre consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Aircraft Tyre Production in Indonesia

In value terms, aircraft tyre production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Aircraft Tyre Exports

Exports from Indonesia

In 2021, overseas shipments of tyres for aircraft increased by 171% to X units, rising for the second year in a row after seven years of decline. In general, exports, however, faced a precipitous decline. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units), Malaysia (X units) and Singapore (X units) were the main destinations of aircraft tyre exports from Indonesia, with a combined 86% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +11.8%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) constituted the largest markets for aircraft tyre exported from Indonesia worldwide, together accounting for 85% of total exports.

Thailand, with a CAGR of +18.6%, saw 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, surging by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.5%. The pace of growth appeared the most rapid in 2014 an increase of 33% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to Bangladesh ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Malaysia ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Indonesia

After three years of decline, overseas purchases of tyres for aircraft increased by 2.3% to X units in 2021. In general, imports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 98% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, aircraft tyre imports reduced to $X in 2021. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 123% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore (X units), the United States (X units) and Japan (X units) were the main suppliers of aircraft tyre imports to Indonesia, with a combined 72% 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 Japan (with a CAGR of +109.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft tyre suppliers to Indonesia were Singapore ($X), the United States ($X) and Japan ($X), together comprising 72% of total imports.

Among the main suppliers, Japan, with a CAGR of +108.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average aircraft tyre import price stood at $X per unit in 2021, dropping by -9.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from France ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :