Home » Automotive, Business, Manufacturing & Industry, News & Current Affairs, World » 2019 China Tire Industry & Tire Export Market Growth, Value and Forecast Available at ReportsWeb.com
“The radial tire output in China in 2014 was 630.66 million with year-on-year growth of about 8%.”
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.

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. 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.

As China already has a complete industrial chain of tire and its labor force is much lower than that in developed countries, its tire industry still has a great advantage over that in other developing countries. And it is expected that in the near future, the domestic demand for tire and its export will keep growing. Although China’s tire industry faces many problems, it still has big potential of growth and good prospects for development due to Chinese government’s policy support.

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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, countries such as the UAE, Mexico, Russia, Saudi Arabia and Australia are also among China’s major tire export markets.

International tire giants entered China successively as early as in the 1990s. Attracted by low cost of production and huge market demand, major transnational tire enterprises all regard China as one of the important manufacturing bases. Currently, over half of the tire market in China has been occupied by foreign companies which dominate the high-end market and enjoy a profit rate doubling that of local enterprises.

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In China, international tire giants have advantages over small and weak local enterprises. According to China Research and Intelligence’s incomplete statistics, by the end of 2014, there are over 500 tire manufacturers in China. Merging and reorganization in the tire industry is expected to speed up in the next few years with many small and medium-sized enterprises being taken over by big enterprises or going bankrupt. As China’s economy develops, some local enterprises have begun to merge overseas companies. For example, in Mar. 2015, ChemChina declared to purchase through wholly-owned subsidiary China National Tire & Rubber Co., Ltd (CNRC) at Euro 15 per share the stake representing 26.2% of the share capital held by Camfin S.p.A. in Pirelli, the fifth largest tire maker in the world. Following the completion of this purchase, CNRC will start the joint tender offer by ChemChina, CF and other investors on the remaining stake.

Ever since China entered WTO, its automobile industry has developed fast, which has driven the development of tire industry. In 2014, China ranked first in automobile output and sales in the world: 23.7229 million cars were produced, increasing 7.3% year on year and 23.4919 million were sold, increasing 6.9% year on year. And China has been the world’s largest car producer and car market for six years since 2009. Its civil car ownership has keep rising too, reaching 154.47 million (9.72 million tricars and low-speed trucks included) by the end of 2014.

Although China has been the world’s largest auto market for six years since 2009, its car ownership per capita was only about 110 per thousand people in 2014, far less than 600-800 per thousand people in developed countries. China’s auto output and sales are expected to grow at an annual rate of over 5%. And as the car output and ownership increases, the growth rate of tire market will exceed 15%. In the automobile tire market as well as the service market, the demand for substitute tires doubles that for accessory products and accounts for two thirds of the market share.

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Readers can get at least the following information through this report:

  • production and demand status of tire industry in China
  • development environment facing tire industry in China
  • competition in tire industry in China
  • analysis of major foreign and local tire manufacturers in China
  • trade barriers facing Chinese tire export
  • development trend of tire industry
  • investment opportunity in tire industry in China


The author suggests the following groups of people purchase this report:

  • manufacturers of tire
  • manufacturers of automobiles
  • related enterprises in industrial chain of tire
  • tire import and export enterprises
  • investors and research institutions interested in Chinese tire industry


Similar Reports:

Research Report on China Tire Export, 2010-2019:
Chinese tires are exported to 212 countries and regions, among which the US is the largest export market. In 2014, China exported 1.2 million tons of tires (a 23.96% of the total volume) to the US with a year-on-year growth of 18.01% and brought in an export value of USD 3.565 billion (a 24.46% of the total value) with a year-on-year growth of 6.30%, average unit price being USD 2899 per ton which decreased 10.38% year on year.

More information about this report is available at:
http://www.reportsweb.com/research-report-on-china-tire-export-2010-2019

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