Norway: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Norway

In 2022, the Norwegian aircraft tyre market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aircraft Tyre Production in Norway

In value terms, aircraft tyre production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible slump. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Aircraft tyre production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Aircraft Tyre Exports

Exports from Norway

Aircraft tyre exports from Norway shrank remarkably to X units in 2022, falling by X% compared with 2021. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.

In value terms, aircraft tyre exports contracted significantly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

Belgium (X units) was the main destination for aircraft tyre exports from Norway, with a X% share of total exports. Moreover, aircraft tyre exports to Belgium exceeded the volume sent to the second major destination, the UK (X units), more than tenfold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Sweden (X% per year).

In value terms, Belgium ($X) emerged as the key foreign market for tyres for aircraft exports from Norway, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and the UK (X% per year).

Export Prices by Country

The average aircraft tyre export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price faced a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Belgium ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Tyre Imports

Imports into Norway

In 2022, the amount of tyres for aircraft imported into Norway contracted remarkably to X units, falling by X% against the previous year's figure. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, aircraft tyre imports surged to $X in 2022. Over the period under review, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

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

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

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

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

Import Prices by Country

In 2022, the average aircraft tyre import price amounted to $X per unit, rising by X% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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