Italy: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Italy

The Italian aircraft tyre market surged to $X in 2021, rising by 76% against the previous year. In general, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aircraft Tyre Production in Italy

In value terms, aircraft tyre production soared to $X in 2021 estimated in export price. Overall, production showed a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 244% against the previous year. Aircraft tyre production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Aircraft Tyre Exports

Exports from Italy

In 2021, the amount of tyres for aircraft exported from Italy declined sharply to X units, falling by -62.4% compared with 2020 figures. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 659%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, aircraft tyre exports fell modestly to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 1,350%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for aircraft tyre exports from Italy, with a 44% share of total exports. Moreover, aircraft tyre exports to Hong Kong SAR exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by Slovenia (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to +77.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-16.5% per year) and Slovenia (+16.7% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for tyres for aircraft exports from Italy, comprising 32% of total exports. The second position in the ranking was held by Slovenia ($X), with a 5.2% share of total exports. It was followed by Thailand, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +60.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+33.6% per year) and Thailand (-72.1% per year).

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2021, rising by 159% against the previous year. Overall, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Croatia ($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 Switzerland (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Italy

In 2021, overseas purchases of tyres for aircraft increased by 73% to X units, rising for the third consecutive year after two years of decline. Overall, imports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 140% against the previous year. Over the period under review, imports attained the peak figure 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. Over the period under review, imports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2019 when imports increased by 54% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The UK (X units), the Netherlands (X units) and the Czech Republic (X units) were the main suppliers of aircraft tyre imports to Italy, together accounting for 54% of total imports. These countries were followed by France, Germany, Poland, the United States, Belgium and China, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +64.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and the UK ($X) were the largest aircraft tyre suppliers to Italy, with a combined 59% share of total imports. The United States, the Czech Republic, Belgium, Germany, Poland and China lagged somewhat behind, together comprising a further 36%.

In terms of the main suppliers, Poland, with a CAGR of +79.9%, saw the highest rates of growth with regard to 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

In 2021, the average aircraft tyre import price amounted to $X per unit, reducing by -18.2% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 143%. The import price peaked at $X per unit in 2020, and then shrank markedly in the following year.

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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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