Updated Oct 2, 2022 06:13

Aircraft Tyre Market in the United Arab Emirates

Market Overview
The aircraft tyre market in the United Arab Emirates skyrocketed to $ in , picking up 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a lower figure.


Consumption
In , approx. units of tyres for aircraft were consumed in the United Arab Emirates; falling by -% against the previous year's figure. Over the period under review, consumption showed a noticeable decline. As a result, consumption attained the peak volume of units. From 2009 to , the growth of the consumption remained at a lower figure.

The revenue of the aircraft tyre market in the United Arab Emirates reduced to $ in , falling 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 showed a slight contraction. As a result, consumption attained the peak level of $. From 2009 to , the growth of the market failed to regain momentum.


Market Forecast
Depressed by shrinking demand for aircraft tyre in the United Arab Emirates, 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 the United Arab Emirates consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United Arab Emirates relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. 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
The United Arab Emirates 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.