Oman: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Oman

In 2021, the Omani aircraft tyre market decreased by -18.3% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a abrupt setback. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Aircraft Tyre Production in Oman

In value terms, aircraft tyre production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production showed a sharp shrinkage. Over the period under review, production hit record highs at $X in 2020, and then reduced rapidly in the following year.

Aircraft Tyre Exports

Exports from Oman

Aircraft tyre exports from Oman surged to X units in 2021, rising by 42% compared with 2020 figures. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of 748% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports surged to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 766% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), the UK (X units) and Germany (X units) were the main destinations of aircraft tyre exports from Oman, together comprising 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +95.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) appeared to be the largest markets for aircraft tyre exported from Oman worldwide, with a combined 83% share of total exports.

France, with a CAGR of +135.3%, recorded the highest rates of growth with regard to 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

The average aircraft tyre export price stood at $X per unit in 2021, increasing by 54% against the previous year. In general, the export price posted a strong expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 274%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Iran ($X per unit), while the average price for exports to the Netherlands ($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 Iran (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Oman

Aircraft tyre imports into Oman rose sharply to X units in 2021, picking up by 13% compared with 2020. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by 145% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports totaled $X in 2021. In general, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 239%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), the United Arab Emirates (X units) and Saudi Arabia (X units) were the main suppliers of aircraft tyre imports to Oman, together accounting for 39% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +175.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest aircraft tyre suppliers to Oman were France ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 36% of total imports.

Saudi Arabia, with a CAGR of +98.7%, recorded the highest rates of growth with regard to 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

In 2021, the average aircraft tyre import price amounted to $X per unit, dropping by -9.3% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% 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 -13.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 47% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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