"China Tire Industry, 2015-2019" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Sun Aug 02 2015


As the country with the largest output and export of tire, China witnesses a booming domestic demand for tire and an increasing export due to its fast growing economy.

The rubber tire output in China in 2014 was about 1.114 billion with year-on-year growth of 15.4%. After more than ten years' efforts, the number of radial tire has increased a lot. For instance, in 2000, only 32% of passenger cars had radial tires but the figure rose to over 90% in 2014. The Policy of Tire Industry published by The Ministry of Industry and Information Technology of the People's Republic of China requires that by 2015, all passenger cars shall be equipped with radial tires, so do 85% of light trucks and 90% of trucks.

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The radial tire output in China in 2014 was 630.66 million with year-on-year growth of about 8%.

As tire capacity and output grows, problems gradually unfold in the industry. First, excess low-end capacity and low industrial concentration; second, regional structural surplus with fierce homogeneous competition as a result of concentrated capacity, for instance, in Shandong.

The sales revenue of tire manufacturing industry already exceeded CNY 500 billion in China in 2014.

In 2014, China's export volume of tire was 5.02 million with year-on-year growth of 18.01%, the export value was USD 14.6 billion with year-on-year growth of 1.76% and the average export price was USD 2899 per ton, falling by 10.38% year on year. Influenced by the continued decrease in natural rubber's price in the international market, the cost of production of tire and its average export price has decreased too.

In 2014, China exported tire to 212 countries and regions among which America is the biggest tire export market. 1.2 million tons of tires were exported to the US in 2014 which accounted for 23.96% of the total export volume and increased 18.01% year on year, the corresponding sales value reached USD 3.565 billion which accounted for 24.46% of the total export value and increased 6.30% year on year and the average export price was USD 2899 per ton, decreasing by 10.38% year on year. And EU is China's second biggest tire export market. 0.77 million tons of tires were exported to the US in 2014 which accounted for 15.34% of the total export volume and increased 20.83% year on year, the corresponding sales value reached USD 2.440 billion which accounted for 16.71% of the total export value and increased 9.24% year on year and the average export price was USD 3174 per ton, decreasing by 9.60% year on year.

Besides, such countries as UAE, Mexico, Russia, Saudi Arabia and Australia also are China's major tire export market.

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