Africa: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Africa

In 2022, the African aircraft tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Aircraft Tyre Production in Africa

In value terms, aircraft tyre production fell to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Aircraft Tyre Exports

Exports in Africa

In 2022, shipments abroad of tyres for aircraft increased by X% to X units, rising for the second year in a row after three years of decline. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, aircraft tyre exports surged to $X in 2022. Total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the major exporter of tyres for aircraft in Africa, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Togo (X units) and Kenya (X units), together constituting a X% share of total exports. Rwanda (X units) and Egypt (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aircraft tyre exports from South Africa stood at X%. At the same time, Togo (X%), Rwanda (X%), Egypt (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Togo, Rwanda, South Africa, Kenya and Egypt increased by X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest aircraft tyre supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Togo ($X), with a X% share of total exports. It was followed by Rwanda, with an X% share.

In South Africa, aircraft tyre exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Togo (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Togo ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (X%), while the other leaders experienced mixed trends in the export price figures.

Aircraft Tyre Imports

Imports in Africa

Aircraft tyre imports rose notably to X units in 2022, with an increase of X% on 2021. Over the period under review, imports, however, saw a mild descent. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, aircraft tyre imports expanded notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

South Africa was the main importing country with an import of about X units, which finished at X% of total imports. Angola (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Kenya (X%), Ethiopia (X%) and Tanzania (X%). The following importers - Morocco (X units), Egypt (X units), Nigeria (X units), Namibia (X units), Tunisia (X units), Botswana (X units), Mauritius (X units) and Algeria (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to aircraft tyre imports into South Africa stood at X%. At the same time, Namibia (X%), Tanzania (X%), Morocco (X%), Angola (X%), Egypt (X%), Botswana (X%), Kenya (X%) and Ethiopia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%), Tunisia (X%), Nigeria (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Angola (X p.p.), Kenya (X p.p.), Tanzania (X p.p.), Ethiopia (X p.p.), Morocco (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nigeria (X p.p.), South Africa (X p.p.) and Algeria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aircraft tyre importing markets in Africa were South Africa ($X), Angola ($X) and Ethiopia ($X), with a combined X% share of total imports. Kenya, Tanzania, Morocco, Algeria, Mauritius, Egypt, Nigeria, Tunisia, Botswana and Namibia lagged somewhat behind, together comprising a further X%.

Namibia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Namibia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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