Morocco - Tyres for Aircraft - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Aircraft Tyre Market 2024
Aircraft Tyre Market Size in Morocco
The Moroccan aircraft tyre market dropped markedly to $X in 2021, which is down by -15.8% 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). Overall, consumption, however, posted a prominent increase. Aircraft tyre consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.
Aircraft Tyre Exports
Exports from Morocco
In 2021, exports of tyres for aircraft from Morocco soared to X units, growing by 750% compared with the previous year. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, aircraft tyre exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Singapore (X units) was the main destination for aircraft tyre exports from Morocco, accounting for a 35% share of total exports. Moreover, aircraft tyre exports to Singapore exceeded the volume sent to the second major destination, Spain (X units), threefold.
From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +500.0%.
In value terms, Singapore ($X) remains the key foreign market for tyres for aircraft exports from Morocco, comprising 42% of total exports. The second position in the ranking was taken by Spain ($X), with a 7.5% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Singapore stood at +405.9%.
Export Prices by Country
The average aircraft tyre export price stood at $X per unit in 2021, surging by 1.6% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.
Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to Spain stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.5%).
Aircraft Tyre Imports
Imports into Morocco
Aircraft tyre imports into Morocco contracted notably to X units in 2021, dropping by -25% compared with the previous year. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 259%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.
In value terms, aircraft tyre imports shrank to $X in 2021. In general, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 276% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Belgium (X units) constituted the largest supplier of aircraft tyre to Morocco, with a 38% share of total imports. Moreover, aircraft tyre imports from Belgium exceeded the figures recorded by the second-largest supplier, Spain (X units), twofold. France (X units) ranked third in terms of total imports with an 11% share.
From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+66.8% per year) and France (+13.0% per year).
In value terms, Belgium ($X) constituted the largest supplier of tyres for aircraft to Morocco, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by Canada, with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of value from Belgium stood at +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.0% per year) and Canada (+32.5% per year).
Import Prices by Country
The average aircraft tyre import price stood at $X per unit in 2021, rising by 29% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aircraft tyre import price decreased by -16.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 34%. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the aircraft tyre market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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