Latin America and the Caribbean: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Latin America and the Caribbean

In 2022, the Latin American aircraft tyre market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a strong expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Aircraft Tyre Production in Latin America and the Caribbean

In value terms, aircraft tyre production contracted slightly to $X in 2022 estimated in export price. In general, production recorded strong growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Aircraft Tyre Exports

Exports in Latin America and the Caribbean

In 2022, the amount of tyres for aircraft exported in Latin America and the Caribbean surged to X units, picking up by X% against 2021. Over the period under review, exports, however, faced a sharp reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports soared to $X in 2022. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X units) and Brazil (X units) prevails in exports structure, together generating X% of total exports. It was distantly followed by Costa Rica (X units) and Ecuador (X units), together making up a X% share of total exports. The following exporters - Trinidad and Tobago (X units) and Mexico (X units) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Costa Rica (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Colombia ($X) and Costa Rica ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Costa Rica, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Brazil ($X per unit), while Trinidad and Tobago ($X per unit) was amongst the lowest.

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

Aircraft Tyre Imports

Imports in Latin America and the Caribbean

In 2022, imports of tyres for aircraft in Latin America and the Caribbean surged to X units, with an increase of X% compared with the previous year's figure. Over the period under review, imports, however, recorded a abrupt setback. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, aircraft tyre imports surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) was the major importer of tyres for aircraft, comprising X% of total imports. Colombia (X units) held the second position in the ranking, followed by Mexico (X units) and Chile (X units). All these countries together held approx. X% share of total imports. The following importers - Argentina (X units) and Guyana (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 Brazil stood at X%. At the same time, Guyana (X%), Chile (X%), Argentina (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Colombia (X p.p.), Chile (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported tyres for aircraft in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, waning by X% against the previous year. In general, the import price, however, saw a prominent expansion. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :