Venezuela: Aircraft Tyre Market 2025

Aircraft Tyre Market Size in Venezuela

The Venezuelan aircraft tyre market surged to $X in 2021, rising by 267% 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). In general, consumption, however, continues to indicate a dramatic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Aircraft Tyre Exports

Exports from Venezuela

In 2021, exports of tyres for aircraft from Venezuela soared to X units, rising by 26% on the previous year. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 275% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports surged to $X in 2021. Overall, exports, however, showed a dramatic setback. The most prominent rate of growth was recorded in 2016 when exports increased by 284% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for aircraft tyre exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -18.2%.

In value terms, the United States ($X) also remains the key foreign market for tyres for aircraft exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -26.4%.

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2021, surging by 6.2% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2017 an increase of 161% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -10.0% per year.

Aircraft Tyre Imports

Imports into Venezuela

In 2021, approx. X units of tyres for aircraft were imported into Venezuela; jumping by 157% compared with 2020 figures. In general, imports, however, continue to indicate a precipitous descent. The growth pace was the most rapid in 2019 when imports increased by 265% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, aircraft tyre imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a sharp decrease. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest aircraft tyre supplier to Venezuela, with a 83% share of total imports. Moreover, aircraft tyre imports from the United States exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Russia (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.3% per year) and Russia (-18.6% per year).

In value terms, the United States ($X) constituted the largest supplier of tyres for aircraft to Venezuela, comprising 84% of total imports. The second position in the ranking was held by Russia ($X), with a 6.2% share of total imports. It was followed by Poland, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-9.0% per year) and Poland (+9.2% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, increasing by 5.4% against the previous year. Over the period under review, the import price recorded a remarkable increase. The growth pace was the most rapid in 2017 an increase of 110% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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