Spain: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Spain

In 2021, the Spanish aircraft tyre market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aircraft Tyre Production in Spain

In value terms, aircraft tyre production expanded to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 39% against the previous year. Aircraft tyre production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Aircraft Tyre Exports

Exports from Spain

In 2021, shipments abroad of tyres for aircraft was finally on the rise to reach X units after two years of decline. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 194%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, aircraft tyre exports surged to $X in 2021. In general, exports saw a notable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 124%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), the UK (X units) and Germany (X units) were the main destinations of aircraft tyre exports from Spain, with a combined 58% share of total exports. Belgium, Portugal, Turkey, Denmark, Morocco, Lebanon, Egypt, Austria, South Korea and Malaysia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +144.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aircraft tyre exported from Spain were France ($X), the UK ($X) and Germany ($X), with a combined 54% share of total exports. These countries were followed by Belgium, South Korea, Egypt, Portugal, Turkey, Denmark, Lebanon, Malaysia, Austria and Morocco, which together accounted for a further 26%.

Portugal, with a CAGR of +142.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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, declining by -10.5% against the previous year. Overall, the export price, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 88%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to Morocco ($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 Belgium (+60.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Spain

In 2021, approx. X units of tyres for aircraft were imported into Spain; jumping by 20% compared with the year before. Over the period under review, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 88% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports surged to $X in 2021. Overall, imports enjoyed a pronounced expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X units) constituted the largest aircraft tyre supplier to Spain, accounting for a 69% share of total imports. Moreover, aircraft tyre imports from France exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. The third position in this ranking was taken by Belgium (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-13.4% per year) and Belgium (+26.9% per year).

In value terms, France ($X) constituted the largest supplier of tyres for aircraft to Spain, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+110.1% per year) and the UK (-14.3% per year).

Import Prices by Country

The average aircraft tyre import price stood at $X per unit in 2021, picking up by 30% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 52% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 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 Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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