Italy: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Italy

The Italian aircraft tyre market dropped notably to $X in 2022, waning by X% against the previous year. Overall, consumption, however, saw a strong expansion. Aircraft tyre consumption peaked at $X in 2021, and then shrank significantly in the following year.

Aircraft Tyre Production in Italy

In value terms, aircraft tyre production reduced rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Aircraft Tyre Exports

Exports from Italy

In 2022, after two years of decline, there was significant growth in overseas shipments of tyres for aircraft, when their volume increased by X% to X units. Over the period under review, exports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, aircraft tyre exports rose rapidly to $X in 2022. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for aircraft tyre exports from Italy, with a X% share of total exports. Moreover, aircraft tyre exports to the United States exceeded the volume sent to the second major destination, Slovenia (X units), threefold. The third position in this ranking was held by Saudi Arabia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for aircraft tyre exported from Italy were Turkey ($X), the United States ($X) and Slovenia ($X), together accounting for X% of total exports.

Slovenia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aircraft tyre export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Italy

In 2022, after three years of growth, there was significant decline in supplies from abroad of tyres for aircraft, when their volume decreased by X% to X units. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports expanded notably to $X in 2022. Over the period under review, imports saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X units) constituted the largest aircraft tyre supplier to Italy, accounting for a X% share of total imports. Moreover, aircraft tyre imports from France exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The UK (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average aircraft tyre import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price posted buoyant growth. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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