Updated Oct 2, 2022 05:56

Aircraft Tyre Market in France

Market Overview
In , the French aircraft tyre market decreased by -% to $, falling for the second consecutive year after two years of growth. Overall, consumption showed a abrupt contraction. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.

In value terms, aircraft tyre production rose rapidly to $ in estimated in export price. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the production volume increased by %. Over the period under review, production hit record highs at $ in 2015; however, from 2016 to , production remained at a lower figure.


Consumption
In , consumption of tyres for aircraft decreased by less than % to units, falling for the second year in a row after three years of growth. In general, consumption recorded a abrupt decrease. Aircraft tyre consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.

The revenue of the aircraft tyre market in France reduced to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a abrupt decline. Aircraft tyre consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for aircraft tyre in France, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Aircraft tyre market in France consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
France remains a net exporter of aircraft tyre; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.