Mexico: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Mexico

The Mexican aircraft tyre market skyrocketed to $X in 2021, picking up by 64% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.1% against 2019 indices. Aircraft tyre consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Aircraft Tyre Exports

Exports from Mexico

In 2021, overseas shipments of tyres for aircraft were finally on the rise to reach X units after four years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 511%. 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 surged to $X in 2021. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 250%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X units) was the main destination for aircraft tyre exports from Mexico, with a 24% share of total exports. Moreover, aircraft tyre exports to Thailand exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+40.9% per year) and the United States (+18.2% per year).

In value terms, Thailand ($X), Denmark ($X) and Germany ($X) were the largest markets for aircraft tyre exported from Mexico worldwide, together comprising 40% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +40.0%, recorded the highest rates of growth with regard to 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

The average aircraft tyre export price stood at $X per unit in 2021, with a decrease of -55.8% against the previous year. In general, the export price recorded a abrupt descent. The growth pace was the most rapid in 2017 an increase of 88%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Guatemala ($X per unit), while the average price for exports to Brazil ($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 Chile (+22.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Mexico

Aircraft tyre imports into Mexico soared to X units in 2021, increasing by 58% against the previous year's figure. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% 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 -17.8% against 2019 indices. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.3% against 2019 indices. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), the United States (X units) and the UK (X units) were the main suppliers of aircraft tyre imports to Mexico, with a combined 97% share of total imports. These countries were followed by France, which accounted for a further 1.6%.

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 +23.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and the UK ($X) were the largest aircraft tyre suppliers to Mexico, together comprising 90% of total imports. France lagged somewhat behind, accounting for a further 6.6%.

France, with a CAGR of +33.7%, saw the highest growth rate of 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

The average aircraft tyre import price stood at $X per unit in 2021, increasing by 5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2013 an increase of 24% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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