Asia-Pacific: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Asia-Pacific

The Asia-Pacific aircraft tyre market contracted to $X in 2022, falling by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Aircraft Tyre Production in Asia-Pacific

In value terms, aircraft tyre production reduced to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Aircraft Tyre Exports

Exports in Asia-Pacific

In 2022, overseas shipments of tyres for aircraft increased by X% to X units, rising for the second year in a row after four years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, aircraft tyre exports soared to $X in 2022. Total exports indicated moderate growth 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

Thailand was the main exporter of tyres for aircraft in Asia-Pacific, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), making up a X% share of total exports. Singapore (X units), the Philippines (X units), Australia (X units), Hong Kong SAR (X units) and China (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to aircraft tyre exports from Thailand stood at X%. At the same time, the Philippines (X%), Singapore (X%) and Australia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest aircraft tyre supplying countries in Asia-Pacific were Thailand ($X), Japan ($X) and Singapore ($X), with a combined X% share of total exports. Hong Kong SAR, China, Australia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, the Philippines, with a CAGR of X%, 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 2022, the export price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Aircraft Tyre Imports

Imports in Asia-Pacific

In 2022, purchases abroad of tyres for aircraft increased by X% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a drastic downturn. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aircraft tyre imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a perceptible curtailment. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X units), Singapore (X units), China (X units) and Hong Kong SAR (X units) was the major importer of tyres for aircraft in Asia-Pacific, constituting X% of total import. South Korea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%) and Indonesia (X%). Japan (X units), Malaysia (X units), Thailand (X units), Vietnam (X units), the Philippines (X units) and Myanmar (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Singapore ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Australia, South Korea, Indonesia, Hong Kong SAR, Thailand, Japan, Vietnam, Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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