Sweden: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Sweden

In 2021, the Swedish aircraft tyre market increased by 2.9% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Aircraft Tyre Production in Sweden

In value terms, aircraft tyre production fell remarkably to $X in 2021 estimated in export price. In general, production recorded a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 361%. Aircraft tyre production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Aircraft Tyre Exports

Exports from Sweden

In 2021, exports of tyres for aircraft from Sweden reduced sharply to X units, with a decrease of -82.5% compared with 2020 figures. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 176% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aircraft tyre exports declined dramatically to $X in 2021. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2020 when exports increased by 4,528%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units), Switzerland (X units) and Thailand (X units) were the main destinations of aircraft tyre exports from Sweden, together comprising 86% of total exports. These countries were followed by the UK, Peru and Latvia, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +18.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) emerged as the key foreign market for tyres for aircraft exports from Sweden, comprising 93% of total exports. The second position in the ranking was taken by Thailand ($X), with a 2.5% share of total exports. It was followed by Norway, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Latvia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-11.9% per year) and Norway (+13.5% per year).

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2021, increasing by 313% against the previous year. Over the period under review, the export price continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,795%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Latvia ($X per unit), while the average price for exports to the UK ($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 the United Arab Emirates (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Sweden

In 2021, imports of tyres for aircraft into Sweden expanded sharply to X units, surging by 11% compared with 2020 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 310%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports skyrocketed to $X in 2021. In general, imports posted a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by 311%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X units), Italy (X units) and the United States (X units) were the main suppliers of aircraft tyre imports to Sweden, with a combined 78% share of total imports. France, the United Arab Emirates and the UK lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +104.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of tyres for aircraft to Sweden, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +8.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and the United Arab Emirates (0.0% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, rising by 34% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 129%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while the price for the United States ($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 UK (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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