Updated Oct 2, 2022 05:57

Aircraft Tyre Market in Germany

Market Overview
The German aircraft tyre market shrank rapidly to $ in , with a decrease of -% 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). In general, the total consumption indicated perceptible growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption attained the peak level of $, and then dropped notably in the following year.

In value terms, aircraft tyre production plummeted to $ in estimated in export price. In general, production, however, recorded a noticeable increase. The pace of growth appeared the most rapid in when the production volume increased by %. Aircraft tyre production peaked at $ in 2016; however, from 2017 to , production stood at a somewhat lower figure.


Consumption
Aircraft tyre consumption in Germany reduced to units in , standing approx. at figures. In general, consumption saw a slight setback. As a result, consumption attained the peak volume of units. From 2009 to , the growth of the consumption failed to regain momentum.

The size of the aircraft tyre market in Germany stood at $ in , with an increase of % 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, the total consumption indicated a tangible expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak level of $. From to , the growth of the market remained at a lower figure.


Market Forecast
Depressed by shrinking demand for aircraft tyre in Germany, 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
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
Germany remains a net importer of aircraft tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.