Thailand - Tyres For Aircraft - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's Aircraft Tyre Export Surges to $248M in 2023
Thailand Aircraft Tyre Exports
In 2023, shipments abroad of tyres for aircraft increased by 2.6% to 389K units, rising for the third year in a row after two years of decline. In general, total exports indicated a moderate expansion from 2013 to 2023: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +105.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in years to come.
In value terms, aircraft tyre exports expanded remarkably to $248M (IndexBox estimates) in 2023. Over the period under review, exports showed a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 69%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in years to come.
| COUNTRY | Export Value of Aircraft Tyre in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 28.2 | 38.6 | 43.7 | 42.4 | 38.5 | 41.3 | 47.4 | 31.0 | 55.0 | 92.0 | 67.7 |
| France | 24.0 | 26.1 | 30.8 | 28.0 | 32.0 | 38.1 | 43.5 | 13.7 | 20.8 | 44.7 | 51.5 |
| China | 10.7 | 8.1 | 9.9 | 9.1 | 13.0 | 16.5 | 16.0 | 15.7 | 19.1 | 9.6 | 32.4 |
| India | 2.9 | 3.1 | 3.3 | 3.4 | 4.4 | 5.5 | 5.7 | 2.4 | 5.1 | 7.7 | 15.6 |
| Hong Kong | 4.0 | 3.9 | 1.7 | 1.5 | 2.0 | 3.0 | 2.5 | 6.9 | 14.6 | 12.2 | 11.1 |
| Netherlands | 4.7 | 4.3 | 4.1 | 3.6 | 5.0 | 6.4 | 7.8 | 2.3 | 6.4 | 11.4 | 9.8 |
| United Arab Emirates | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2 | 7.3 |
| Japan | 2.9 | 2.0 | 14.9 | 1.7 | 2.0 | 2.4 | 3.0 | 1.8 | 3.0 | 2.1 | 3.7 |
| Others | 12.7 | 13.8 | 10.1 | 10.3 | 14.3 | 18.0 | 17.2 | 13.0 | 22.6 | 36.5 | 49.4 |
| Total | 90.2 | 100 | 119 | 100 | 111 | 131 | 143 | 86.8 | 147 | 216 | 248 |
Exports by Country
the United States (175K units) was the main destination for aircraft tyre exports from Thailand, with a 45% share of total exports. Moreover, aircraft tyre exports to the United States exceeded the volume sent to the second major destination, France (52K units), threefold. The third position in this ranking was taken by China (38K units), with a 9.7% share.
From 2013 to 2023, the average annual growth rate of volume to the United States amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.4% per year) and China (+1.1% per year).
In value terms, the United States ($68M), France ($51M) and China ($32M) appeared to be the largest markets for aircraft tyre exported from Thailand worldwide, together accounting for 61% of total exports. India, Hong Kong, the Netherlands, the United Arab Emirates and Japan lagged somewhat behind, together accounting for a further 19%.
In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +197.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the aircraft tyre price amounted to $639 per unit (FOB, Thailand), growing by 12% against the previous year. Over the period under review, export price indicated strong growth from 2013 to 2023: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, aircraft tyre export price increased by +4.4% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong ($1,650 per unit), while the average price for exports to Australia ($349 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the aircraft tyre market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
