Updated Oct 2, 2022 06:00

Aircraft Tyre Market in Italy

Market Overview
The Italian aircraft tyre market soared to $ in , rising 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). In general, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, aircraft tyre production skyrocketed to $ in estimated in export price. In general, production, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by % against the previous year. Aircraft tyre production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.


Consumption
Aircraft tyre consumption in Italy shrank dramatically to units in , with a decrease of -% on . Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at units in , and then reduced markedly in the following year.

The revenue of the aircraft tyre market in Italy shrank 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). In general, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $, and then shrank in the following year.


Market Forecast
The aircraft tyre market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 Italy remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. 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
Italy 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.