Updated Oct 2, 2022 06:00

Aircraft Tyre Market in Japan

Market Overview
The Japanese aircraft tyre market soared to $ 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). In general, consumption enjoyed a resilient 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 surged to $ in estimated in export price. Over the period under review, production enjoyed notable growth. The pace of growth was the most pronounced in 2014 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2015 to , production growth remained at a somewhat lower figure.


Consumption
After two years of growth, consumption of tyres for aircraft decreased by -% to units in . Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak volume of units, and then dropped in the following year.

The revenue of the aircraft tyre market in Japan reduced slightly to $ in , shrinking 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, however, recorded a resilient increase. As a result, consumption reached the peak level of $, and then declined slightly in the following year.


Market Forecast
The aircraft tyre market is expected to start a downward consumption trend over the next eight years. 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
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
Japan 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.