Report Update Nov 1, 2024

Philippines - Tyres for Aircraft - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in the Philippines

The Philippine aircraft tyre market reduced markedly to $X in 2021, with a decrease of -37.3% 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). In general, consumption showed a deep setback. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Aircraft Tyre Exports

Exports from the Philippines

For the third year in a row, the Philippines recorded growth in overseas shipments of tyres for aircraft, which increased by 13% to X units in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 569%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, aircraft tyre exports declined notably to $X in 2021. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 536% against the previous year. 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

Indonesia (X units) was the main destination for aircraft tyre exports from the Philippines, accounting for a 94% share of total exports. Moreover, aircraft tyre exports to Indonesia exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +55.0%.

In value terms, Indonesia ($X) remains the key foreign market for tyres for aircraft exports from the Philippines, comprising 92% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Indonesia stood at +49.5%.

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2021, dropping by -27.4% against the previous year. Overall, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 96%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Indonesia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-2.9%).

Aircraft Tyre Imports

Imports into the Philippines

In 2021, approx. X units of tyres for aircraft were imported into the Philippines; with a decrease of -38.4% on the year before. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 495%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports declined to $X in 2021. Overall, imports showed a mild decline. The most prominent rate of growth was recorded in 2016 when imports increased by 165% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of aircraft tyre to the Philippines, with a 66% share of total imports. Moreover, aircraft tyre imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.3% per year) and Hong Kong SAR (-16.5% per year).

In value terms, Japan ($X) constituted the largest supplier of tyres for aircraft to the Philippines, comprising 56% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.0% per year) and China (-0.3% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, rising by 45% against the previous year. Overall, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 202% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3,004.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for aircraft in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. These countries were followed by Italy, Brazil, Japan, the UK, Russia, Canada, Vietnam, the United Arab Emirates, the Philippines and Saudi Arabia, which together accounted for a further 30%.

What are the largest producers of tyres for aircraft in the world?

The countries with the highest volumes of in 2021 were Thailand, China and Japan, with a combined 48% share of global production. These countries were followed by India, the UK, Brazil, France, Italy, Russia, the Philippines, Vietnam, Belgium and Saudi Arabia, which together accounted for a further 35%.

What are the leading suppliers of tyres for aircraft to the Philippines?

In value terms, Japan constituted the largest supplier of aircraft tyre to the Philippines, comprising 60% of total imports. The second position in the ranking was occupied by the United States, with a 16% share of total imports. It was followed by China, with a 6.1% share.

What are the leading importers of tyres for aircraft from the Philippines?

In value terms, the largest markets for aircraft tyre exported from the Philippines were the United States, Singapore and Hong Kong SAR, together comprising 99% of total exports.

What is the average export price for tyres for aircraft in the Philippines?

In 2021, the average aircraft tyre export price amounted to $254 per unit, picking up by 134% against the previous year.

What is the average import price for tyres for aircraft in the Philippines?

In 2021, the average aircraft tyre import price amounted to $1,409 per unit, rising by 7.6% against the previous year.

This report provides an in-depth analysis of the aircraft tyre market in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023