Report Update Nov 1, 2024

Vietnam - Tyres for Aircraft - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Vietnam

The Vietnamese aircraft tyre market declined significantly to $X in 2021, shrinking by -58.6% 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). Overall, consumption showed a deep slump. Aircraft tyre consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Aircraft Tyre Exports

Exports from Vietnam

Aircraft tyre exports from Vietnam reduced remarkably to X units in 2021, with a decrease of -58.1% against 2020 figures. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 425%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports fell dramatically to $X in 2021. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2013 with an increase of 620%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units), Hong Kong SAR (X units) and Cambodia (X units) were the main destinations of aircraft tyre exports from Vietnam, together accounting for 50% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +34.6%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and Cambodia ($X) were the largest markets for aircraft tyre exported from Vietnam worldwide, with a combined 75% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +39.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average aircraft tyre export price amounted to $X per unit, with a decrease of -18.5% against the previous year. Overall, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per unit), while the average price for exports to Mexico ($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 Philippines (+75.0%), while the prices for the other major destinations experienced mixed trend patterns.

Aircraft Tyre Imports

Imports into Vietnam

Aircraft tyre imports into Vietnam reduced dramatically to X units in 2021, with a decrease of -59.4% on the previous year's figure. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 160%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aircraft tyre imports declined rapidly to $X in 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 161% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) constituted the largest supplier of aircraft tyre to Vietnam, accounting for a 44% share of total imports. Moreover, aircraft tyre imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Japan (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.8% per year) and Japan (-20.3% per year).

In value terms, Thailand ($X) constituted the largest supplier of tyres for aircraft to Vietnam, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Thailand totaled +31.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.1% per year) and Japan (-18.6% per year).

Import Prices by Country

In 2021, the average aircraft tyre import price amounted to $X per unit, picking up by 2.3% against the previous year. Over the period under review, the import price saw a mild increase. The pace of growth appeared the most rapid in 2014 an increase of 12%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for China ($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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for aircraft in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. These countries were followed by Italy, Brazil, Japan, the UK, Russia, Canada, Vietnam, the United Arab Emirates, the Philippines and Saudi Arabia, which together accounted for a further 30%.

What are the largest producers of tyres for aircraft in the world?

The countries with the highest volumes of in 2021 were Thailand, China and Japan, together accounting for 48% of global production. India, the UK, Brazil, France, Italy, Russia, the Philippines, Vietnam, Belgium and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

What are the leading suppliers of tyres for aircraft to Vietnam?

In value terms, Japan constituted the largest supplier of aircraft tyre to Vietnam, comprising 48% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports. It was followed by China, with an 11% share.

What are the leading importers of tyres for aircraft from Vietnam?

In value terms, the United States remains the key foreign market for aircraft tyre exports from Vietnam, comprising 50% of total exports. The second position in the ranking was occupied by Cambodia, with a 19% share of total exports. It was followed by Japan, with a 9.3% share.

What is the average export price for tyres for aircraft in Vietnam?

The average aircraft tyre export price stood at $1,031 per unit in 2021, shrinking by -10.7% against the previous year.

What is the average import price for tyres for aircraft in Vietnam?

The average aircraft tyre import price stood at $1,326 per unit in 2021, shrinking by -6.4% against the previous year.

This report provides an in-depth analysis of the aircraft tyre market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22111370 - New pneumatic rubber tyres for aircraft

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023