In 2023, the import of new pneumatic tires of rubber for aircraft to China was valued at approximately 57.2 million US dollars. From 2024 to 2028, forecasts indicate a consistent upward trend, with values increasing from 58.982 million US dollars in 2024 to 65.861 million US dollars in 2028. The year-on-year variation averages a steady growth of around 3%, revealing a robust demand. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 3.0%, highlighting moderate but consistent growth.
Future trends to monitor include:
- Advancements in aircraft technology that might influence tire specifications and import volumes.
- China's economic conditions and how they impact aviation industry investments and import capacity.
- Potential trade policies or regulations that could affect supply chains or import costs.