Southern Asia: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Southern Asia

In 2022, the South Asian aircraft tyre market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Aircraft Tyre Production in Southern Asia

In value terms, aircraft tyre production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Aircraft Tyre Exports

Exports in Southern Asia

After two years of decline, shipments abroad of tyres for aircraft increased by X% to X units in 2022. In general, exports, however, showed a pronounced setback. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft tyre exports surged to $X in 2022. Over the period under review, exports posted a notable increase. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan was the major exporter of tyres for aircraft in Southern Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. India (X units) ranks second in terms of the total exports with a X% share, followed by Sri Lanka (X%). Afghanistan (X units) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the tyres for aircraft exports, with a CAGR of X% from 2012 to 2022. At the same time, Afghanistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) and India (X%) illustrated a downward trend over the same period. Pakistan (X p.p.) and Afghanistan (X p.p.) significantly strengthened its position in terms of the total exports, while India 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, Pakistan ($X), Sri Lanka ($X) and India ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Pakistan, with a CAGR of X%, recorded 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

The export price in Southern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2021, and then fell in the following year.

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

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

Aircraft Tyre Imports

Imports in Southern Asia

In 2022, purchases abroad of tyres for aircraft increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a pronounced downturn. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, aircraft tyre imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. Pakistan (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%), Bangladesh (X%), Maldives (X%) and Sri Lanka (X%). Afghanistan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to aircraft tyre imports into India stood at X%. At the same time, Maldives (X%), Pakistan (X%), Nepal (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Maldives emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan, Nepal, Maldives and Sri Lanka increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported tyres for aircraft in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Afghanistan ($X per unit) and India ($X per unit), while Sri Lanka ($X per unit) and Bangladesh ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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