Philippines: Aircraft Tyre Market 2025

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) :