SADC: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in SADC

The SADC aircraft tyre market soared to $X in 2021, rising by 22% against the previous year. Over the period under review, consumption, however, saw a pronounced decrease. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Aircraft Tyre Production in SADC

In value terms, aircraft tyre production surged to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 183% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Aircraft Tyre Exports

Exports in SADC

In 2021, shipments abroad of tyres for aircraft increased by 24% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, aircraft tyre exports reduced to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 with an increase of 32%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from South Africa (X units), together reaching 97% of total export.

South Africa was also the fastest-growing in terms of the tyres for aircraft exports, with a CAGR of -1.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest aircraft tyre supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa stood at -4.8%.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per unit, dropping by -21.7% against the previous year. Overall, the export price showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 66%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to -3.0% per year.

Aircraft Tyre Imports

Imports in SADC

Aircraft tyre imports skyrocketed to X units in 2021, surging by 16% compared with the year before. Overall, imports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2019 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, aircraft tyre imports shrank to $X in 2021. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, accounting for X units, which was near 71% of total imports in 2021. It was distantly followed by Tanzania (X units), Democratic Republic of the Congo (X units) and Angola (X units), together making up a 17% share of total imports. Mauritius (X units) and Seychelles (X units) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -2.1% from 2012 to 2021. At the same time, Democratic Republic of the Congo (+5.2%), Tanzania (+5.0%) and Seychelles (+1.1%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of +5.2% from 2012-2021. By contrast, Mauritius (-3.7%) and Angola (-12.7%) illustrated a downward trend over the same period. South Africa (+6.3 p.p.), Tanzania (+3.5 p.p.) and Democratic Republic of the Congo (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Angola saw its share reduced by -7.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported tyres for aircraft in SADC, comprising 49% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 16% share of total imports. It was followed by Angola, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to -7.5%. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (+11.2% per year) and Angola (-10.8% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, dropping by -24.6% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2017 when the import price increased by 51% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Tanzania ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Seychelles (+12.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform