Turkey: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Turkey

In 2021, the Turkish aircraft tyre market decreased by -0.7% to $X, falling for the fifth consecutive year after three years of growth. Overall, consumption continues to indicate a mild decrease. Aircraft tyre consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Aircraft Tyre Production in Turkey

In value terms, aircraft tyre production dropped to $X in 2021 estimated in export price. Overall, production recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 42% 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 Turkey

In 2021, exports of tyres for aircraft from Turkey reduced markedly to X units, waning by -82.5% compared with the previous year's figure. Over the period under review, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 23%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, aircraft tyre exports reduced dramatically to $X in 2021. In general, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2015 when exports increased by 215%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Iran (X units) was the main destination for aircraft tyre exports from Turkey, accounting for a 90% share of total exports. Moreover, aircraft tyre exports to Iran exceeded the volume sent to the second major destination, Ukraine (X units), more than tenfold. The third position in this ranking was held by Saudi Arabia (X units), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Iran stood at -14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-19.7% per year) and Saudi Arabia (-21.6% per year).

In value terms, Iran ($X) remains the key foreign market for tyres for aircraft exports from Turkey, comprising 88% of total exports. The second position in the ranking was held by Ukraine ($X), with a 9.1% share of total exports. It was followed by Libya, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to Iran totaled -17.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-9.1% per year) and Libya (-53.2% per year).

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, jumping by 263% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 363% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per unit), while the average price for exports to Saudi Arabia ($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 Ukraine (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Turkey

Aircraft tyre imports into Turkey surged to X units in 2021, picking up by 53% against the previous year. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 98%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, aircraft tyre imports surged to $X in 2021. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 84% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), the United States (X units) and Thailand (X units) were the main suppliers of aircraft tyre imports to Turkey, together accounting for 73% of total imports. The United Arab Emirates, France, Iraq, the UK, Brazil and Belgium lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +68.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of tyres for aircraft to Turkey, comprising 46% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+26.0% per year) and the United States (+12.4% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, rising by 4.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 66%. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per unit), while the price for Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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