Japan: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Japan

The Japanese aircraft tyre market soared to $X in 2021, growing by 169% against the previous year. Over the period under review, consumption recorded buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Aircraft Tyre Production in Japan

In value terms, aircraft tyre production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Aircraft Tyre Exports

Exports from Japan

Aircraft tyre exports from Japan shrank to X units in 2021, declining by -9.1% against the previous year. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 26% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, aircraft tyre exports reduced to $X in 2021. Over the period under review, exports showed a perceptible descent. The pace of growth was the most pronounced in 2014 when exports increased by 16%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), the United States (X units) and Belgium (X units) were the main destinations of aircraft tyre exports from Japan, with a combined 70% share of total exports. China, Qatar, Hong Kong SAR, Saudi Arabia and the UK lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +53.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for aircraft tyre exported from Japan were the United Arab Emirates ($X), the United States ($X) and Belgium ($X), with a combined 67% share of total exports. China, Qatar, Hong Kong SAR, Saudi Arabia and the UK lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Qatar, with a CAGR of +63.5%, recorded the highest growth rate of the value of exports, 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, increasing by 9.7% against the previous year. Over the last nine years, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2014 when the average export price increased by 33%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Saudi Arabia ($X per unit) and the UK ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and the United States ($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 Qatar (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Japan

In 2021, aircraft tyre imports into Japan surged to X units, picking up by 20% against the year before. Over the period under review, imports, however, showed a perceptible decrease. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports rose remarkably to $X in 2021. In general, imports, however, showed a pronounced setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), the UK (X units) and the United States (X units) were the main suppliers of aircraft tyre imports to Japan, with a combined 89% share of total imports. These countries were followed by France, Italy and the United Arab Emirates, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +10.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the UK ($X) and the United States ($X) were the largest aircraft tyre suppliers to Japan, together accounting for 88% of total imports. These countries were followed by France, the United Arab Emirates and Italy, which together accounted for a further 11%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +20.0%, 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, with a decrease of -5.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 13%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the United Arab Emirates ($X per unit) and Italy ($X per unit), while the price for Thailand ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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