Updated Oct 2, 2022 06:16

Aircraft Tyre Market in the United States

Market Overview
The U.S. aircraft tyre market was finally on the rise to reach $ in , after two years of decline. Over the period under review, the total consumption indicated a mild increase 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 decreased by -% against 2018 indices. Over the period under review, the market attained the maximum level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.


Consumption
In , the amount of tyres for aircraft consumed in the United States contracted to units, shrinking by -% on the year before. In general, consumption recorded a pronounced decline. Aircraft tyre consumption peaked at units in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The value of the aircraft tyre market in the United States stood at $ in , flattening at 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Aircraft tyre consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for aircraft tyre in the United States, 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 States 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
The United States 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.