Western Africa: Aircraft Tyre Market 2024

Aircraft Tyre Market Size in Western Africa

In 2022, the West African aircraft tyre market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Aircraft Tyre Production in Western Africa

In value terms, aircraft tyre production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Aircraft Tyre Exports

Exports in Western Africa

Aircraft tyre exports soared to X units in 2022, with an increase of X% on the previous year's figure. In general, exports enjoyed a modest expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, aircraft tyre exports soared to $X in 2022. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Togo was the key exporter of tyres for aircraft in Western Africa, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by Cote d'Ivoire (X units), constituting a X% share of total exports. The following exporters - Ghana (X units) and Sierra Leone (X units) - each reached a X% share of total exports.

Togo 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, Sierra Leone (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. From 2012 to 2022, the share of Togo, Cote d'Ivoire and Sierra Leone increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Togo ($X) remains the largest aircraft tyre supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an X% share of total exports. It was followed by Ghana, with a X% share.

In Togo, aircraft tyre exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, falling by X% against the previous year. In general, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs 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 Ghana ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

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

Aircraft Tyre Imports

Imports in Western Africa

In 2022, aircraft tyre imports in Western Africa reduced rapidly to X units, dropping by X% compared with 2021 figures. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, aircraft tyre imports declined significantly to $X in 2022. Overall, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Nigeria was the major importing country with an import of around X units, which amounted to X% of total imports. It was distantly followed by Ghana (X units), Burkina Faso (X units), Niger (X units), Sierra Leone (X units), Mali (X units) and Senegal (X units), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to aircraft tyre imports into Nigeria stood at X%. At the same time, Niger (X%), Ghana (X%), Senegal (X%), Mali (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. Burkina Faso experienced a relatively flat trend pattern. Ghana (X p.p.), Niger (X p.p.), Mali (X p.p.), Senegal (X p.p.), Sierra Leone (X p.p.) and Burkina Faso (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) constitutes the largest market for imported tyres for aircraft in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with a X% share.

In Nigeria, aircraft tyre imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, rising by X% against the previous year. Import price indicated measured growth 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. Based on 2022 figures, aircraft tyre import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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