United Arab Emirates: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in the United Arab Emirates

The aircraft tyre market in the United Arab Emirates rose modestly to $X in 2021, increasing by 3.5% 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). Over the period under review, consumption recorded a relatively flat trend pattern. Aircraft tyre consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Aircraft Tyre Exports

Exports from the United Arab Emirates

After two years of decline, shipments abroad of tyres for aircraft increased by 31% to X units in 2021. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 163% against the previous year. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, aircraft tyre exports skyrocketed to $X in 2021. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 142% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for aircraft tyre exports from the United Arab Emirates, with a 51% share of total exports. Moreover, aircraft tyre exports to Oman exceeded the volume sent to the second major destination, Kenya (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman amounted to +54.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+22.8% per year) and Germany (+86.7% per year).

In value terms, Oman ($X) remains the key foreign market for tyres for aircraft exports from the United Arab Emirates, comprising 31% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.2% share of total exports. It was followed by Georgia, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+43.6% per year) and Georgia (+18.9% per year).

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, with an increase of 22% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aircraft tyre export price decreased by -32.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Georgia ($X per unit), while the average price for exports to Hong Kong SAR ($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 Georgia (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of tyres for aircraft decreased by -14.1% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, aircraft tyre imports surged to $X in 2021. In general, imports saw a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest aircraft tyre supplier to the United Arab Emirates, with a 43% share of total imports. Moreover, aircraft tyre imports from Japan exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by the Netherlands (X units), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+0.5% per year) and the Netherlands (+16.1% per year).

In value terms, Japan ($X) constituted the largest supplier of tyres for aircraft to the United Arab Emirates, comprising 44% of total imports. The second position in the ranking was held by the UK ($X), with a 12% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+3.3% per year) and France (-13.7% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, increasing by 68% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 France ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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