Updated Oct 2, 2022 06:08

Aircraft Tyre Market in Russia

Market Overview
In , the Russian aircraft tyre market was finally on the rise to reach $ after two years of decline. Over the period under review, consumption, however, saw a slight decrease. Aircraft tyre consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.

In value terms, aircraft tyre production soared to $ in estimated in export price. Overall, production, however, saw a slight setback. The pace of growth was the most pronounced in 2014 with an increase of % against the previous year. Aircraft tyre production peaked at $ in 2016; however, from 2017 to , production failed to regain momentum.


Consumption
In , approx. units of tyres for aircraft were consumed in Russia; dropping by -% on . Over the period under review, consumption showed a pronounced contraction. Over the period under review, consumption attained the peak volume at units in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The size of the aircraft tyre market in Russia rose to $ in , increasing 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 continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for aircraft tyre in Russia, 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 remained relatively constant over the period under review. 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
Russia remains a net exporter of aircraft tyre; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.