China’s output volume of tires broke through 280 million pieces and surpassed the U.S.A. to be the leading manufacturer and exporter in the world for the first time from 2006.However, it decreased by 17.33% YOY to 925.16 million compared to 2014 because of the economy slump in 2015.

The sales revenue of the tire industry continuously increased in China during these years. However, it experienced a decline with the decreasing output volume of tires in 2015. The total export value increased from USD 3.284 billion in 2005 to USD 13.846 billion in 2015 (tires for bicycles and motorcycles are not included) with the CAGR of 15.48%. The market share of radial tires accounted for over 80% in total export value, transferring from focusing on the export of bias tires to radial tires, which increased the added value of exported tire products. Due to the low average price, tires exported from China were confronted with many trade barriers including anti-dumping.

According to CRI, the production capacity of low and mid end tires is surplus because low barriers to entry and investment costs and lack of market information lead to universal blind investments. At present, the concentration rate of the tire industry is low, and small-scale enterprises are numerous. According to CRI, there were more than 500 tire manufacturing enterprises with an average annual output volume of less than 2 million by the end of 2015. According to CRI, the aggregate market share of top 5 tire manufacturers was less than 15%, which led to a fierce competition in 2015. Due to the high growth rate of the tire industry in China in recent years, all global leading manufacturers enter China. Most market shares of whole vehicle matching tires are occupied by foreign-owned enterprises.

Major raw materials of tires include natural rubber, synthetic rubber, steel cord material, carbon black and rubber adjuvant. The costs of raw materials accounted for about 70% of the total, which is a key factor influencing the production and operation of the tire industry.

In 2013, the State Council of China issued Guidance on Resolving the Overcapacity Problems, and provincial government of Shandong issued On the Implementation of Resolving the Overcapacity Problems (No. 41〔2013〕of the State Council), then the tire industry was included in industries with overcapacity in Shandong Province. According to CRI, the implementation of the fore-mentioned industry policies raise the barriers to entry in the industry to a certain extent. However, it needs a relatively long term to change the competition pattern of the tire industry in China.

The sales volume of automobiles was 24.598 million, increasing by 4.7% YOY in China in 2015. Meanwhile, the sales volume of passenger vehicles reached 21.1463 million, increasing by 7.3% YOY. The automobile industry enters a stage of stable development, which leads to a slump growth rate of the demand for tires. The large vehicle reserve determines the large demand for replacement tires in China. At the end of 2015, the private vehicle reserve volume reached 172.28 million and the number is still increasing. CRI analyses that the replacement tire market will be the major tire consumption subject in the future. China has many cost advantages due to the perfect industry chain of tire manufacturing. Therefore, tire products exported from China will still be competitive in the international market and export will remain one of the major driving forces in the tire manufacturing industry in China.

Through this report, the readers can acquire the following information:

-Definition and Classification of Tires

-Research Methods of the Report

-Development Environment of Tires in China

-Competition in Tire Market in China

-Top 5 Enterprises in Tire Market in China

-Major Development Opportunities and Driving Forces Faced by Tire Industry in China

-Risks and Challenges in the Development of Tire Industry in China

-Price Trend of Raw Materials of Tires in China

-Trend of Retail Prices of Tires in China

Table of Contents

1 Relevant Concepts of Tire Manufacturing Industry

1.1 Definition of Tires

1.2 Classification of Tires

1.3 Research Methods of the Report

1.3.1 Parameters and Assumptions

1.3.2 Data Sources

1.3.3 About CRI

2 Operation Status of Tire Manufacturing Industry in China, 2011-2015

2.1 Development Environment of Tire Industry in China

2.1.1 Economic Environment

2.1.2 Policy Environment Faced by Tire Industry in China

2.2 Analysis of Tires Supply in China

2.3 Analysis on Demand for Tires in China

2.4 Export of Tires in China

2.4.1 Export Overview

2.4.2 Major Export Destinations of Tires in China

3 Competition Status of Tire Manufacturing Industry in China, 2013-2015

3.1 Barriers to Entry in Tire Manufacturing Industry in China

3.1.1 Coerce Certification Barriers

3.1.2 Policy Barriers

3.1.3 Technical Barriers

3.1.4 Capital Barriers

3.1.5 Barriers of Customer Resources

3.2 Competition Structure of Tire Manufacturing Industry in China

3.2.1 Bargaining Ability of Raw Material Suppliers of Tires

3.2.2 Bargaining Ability of Tire Clients

3.2.3 Internal Competition of Tire Industry in China

3.2.4 Potential Entrants of Tire Industry in China

3.2.5 Substitutes of Tires

4 Top 5 Tire Manufacturers in China, 2013-2015

4.1 Zhongce Rubber Co., Ltd.

4.1.1 Enterprise Profile of Zhongce Rubber Co., Ltd.

4.1.2 Analysis on Tire Business of Zhongce Rubber Co., Ltd.

4.2 Triangle Tyre Co., Ltd.

4.2.1 Enterprise Profile of Triangle Tyre Co., Ltd.

4.2.2 Tire Business of Triangle Tyre Co., Ltd.

4.3 Giti Tire Investment Co., Ltd. (China)

4.3.1 Enterprise Profile of Giti Tire

4.3.2 Tire Business of Giti Tire

4.4 Shandong Linglong Rubber Co., Ltd.

4.4.1 Enterprise Profile of Shandong Linglong Rubber Co., Ltd.

4.4.2 Tire Business of Shandong Linglong Rubber Co., Ltd.

4.5 Xiamen Cheng Shin Rubber Ind. Co., Ltd.

4.5.1 Enterprise Profile of Xiamen Cheng Shin

4.5.2 Tire Business of Xiamen Cheng Shin

5 Analysis on Cost and Price in Tire Manufacturing Industry in China, 2013-2015

5.1 Analysis on Cost in Tire Manufacturing Industry in China, 2013-2015

5.2 Analysis on Sales Price of Tires in China, 2013-2015

6 Prediction on the Development of Tire Manufacturing Industry in China, 2016-2020

6.1 Factors Influencing the Development of Tire Industry in China

6.1.1 Forecast on Major Driving Forces and Market Opportunities in Tire Industry in China

6.1.2 Risks and Challenges in Tire Industry in China

6.2 Prediction on Supply in Tire Industry in China

6.3 Forecast on Demand in Tire Industry in China

Selected Charts

Chart Output Volume of Automobiles in China, 2011-2015

Chart Reserve of Civil Automobiles in China, 2011-2015

Chart Related Policies and Regulations in Tire Industry in China, 2011-2015

Chart Output Volume of Rubber Tires in China, 2011-2015

Chart Sales Revenue of Tire Manufacturing Products, 2011-2015

Chart Export Status of Tires in China, 2011-2015

Chart Major Export Destinations of Tires in China, 2015

Chart Major Tire Manufacturers and Their Market Share in China, 2013-2015

Chart Sales Revenue of Tires of Zhongce Rubber, 2013-2015

Chart Market Share of Tires of Zhongce Rubber in China, 2013-2015

Chart Sales Revenue of Triangle Tyre, 2013-2015

Chart Market Share of Tires of Triangle Tyre in China, 2013-2015

Chart Market Share of Tires of Giti in China, 2013-2015

Chart Market Share of Tires of Shandong Linglong, 2013-2015

Chart Market Share of Tires of Xiamen Cheng Shin in China, 2013-2015

Chart Price Trend of Imported No.3 Smoked Sheet Rubber in China, 2013-2015

Chart Price of Synthetic Rubber and Styrene Butadiene Rubber in China, 2013-2015

Chart Price Index of Dealers of Tires for Basic Passenger Vehicles (Limousine) in China, 2013-2015

Chart Price Index of Dealers of Tires for Trucks and Passenger Vehicles in China, 2013-2015

Chart Forecast on Output Volume of Tires in China, 2016-2020

Chart Forecast on Sales Revenue of Tire Manufacturing Industry in China, 2016-2020

The post Tire Industry Overview in China, 2011-2020 – Status Quo, Barriers, Top 5, Cost and Sales analysis first appeared on CRI Report.

China’s tire export trade could be traced back to 1952 with species developing from truck tire, light truck tire and agricultural tire with bias structure into over 1600 varieties which come under five series of bias and radial truck tire, light truck tire, passenger car tire, industrial tire and agricultural tire. Export destinations have also expanded from Southeast Asia, Middle East and Africa to many developed countries and regions like North America and Europe. China has become the largest tire producer, exporter and consumer although one third of its tires are imported.
China boasts of a perfect industrial system of tire. Apart from natural rubber, the raw material which mainly relies on import, such additives as synthetic rubber, carbon black, zinc oxide all are in a large supply at home. Besides, local enterprises also have strong capability of making skeleton material like steel wire and such rubber machineries as internal mixer, calendar, molding machine and vulcanizing machine (mould).
In 2015, China exported 44.451 million tires with a year-on-year decreasing of 6.58% and brought in an export value of USD 13.846 billion with a year-on-year growth decreasing 15.81% year on year. Influenced by the continuous decline in the global price of natural rubber in recent years, costs of tire production have decreased too, leading to a decline in average unit price.
Chinese tires are exported to over 200 countries and regions, among which the US is the largest export market. In 2015, China exported 1.065 million tons of tires to the US with a year-on-year decreasing of 20.78% and brought in an export value of USD 2.783 billion with a year-on-year decreasing of 30.23%.
And the EU is the second largest tire export market.
Besides, the United Arab Emirates, Mexico, Russia, Saudi Arabia and Australia all constitute important export destinations of tire.
Passenger tires imported from China into the US are radial ones with a specification of 15-16 inches which are priced 20% below the average export price of tire. Among all imported passenger tires with various specifications in the US, those from China take up the largest share. Although the increasing export to the US prospers China’s tire export market, it is prone to the influence exerted by relevant trade policies. The special protectionist tariff before constitutes an important trade barrier measure imposed by the US on tire imports from China.
China’s tire export has grown fast since the turn of the century, which has incurred increasing trade barriers and thus posed severe threat to tire manufacturers and exporters. For one thing, the US and EU begin to set up stricter technical standards for imported tires. Besides, the fast growth in Chinese tire’s share in the global market has affected the benefits of some tire manufacturers. Other problems like unhealthy competition of cutting price among Chinese enterprises and unreasonable product and market structure of exported tires have made anti-dumping a serious issue facing tire exporters in China. Currently, China’s large-scale tire export has caused such sanctions as anti-dumping in many countries.
In 2016, the export of Chinese tires still seems hard due to slow growth in global economy and shrunk domestic demand. On one hand, as European and Japanese economies are on the brink of recession and emerging economies slow down their growth, the external market demand is limited; on the other hand, the competitive devaluation of foreign currencies has resulted in the passive appreciation of RMB and thus the decreased competitiveness of Chinese exports.
International trade frictions also exert great influence on China’s tire imports. For example, influenced by the US’s special protectionist tariff on passenger tires from China, the export dropped sharply to USD 968 million in 2011. And only when the tariff restriction was lifted three years later did China’s passenger tire export pick up. According to the statistics, in 2014, China’s export of passenger and light truck tires to the US brought in a value of USD 2.3 billion. There is concern in the field that the anti-dumping and countervailing investigation might cause chain reaction, i.e. the EU, Japan, India and Australia might follow suit.
With regard to domestic demand, as auto production and sales start to fall, the expectation of growth in tire market has decreased too. Besides, tire industry is troubled by cost rise due to the adjustments of compound rubber standards and natural rubber tariff. Therefore, it is inevitable for local tire manufacturers to adjust export structure, improve exports’ technological level and added value, create new comparative advantages and adopt effective measures to promote export.
On the whole, as China has great cost and industrial chain advantages, Chinese tire is expected to maintain its status in global market in near future and reports a continuous increase in export.

Readers can get at least the following information through this report:
-Chinese government’s policy supporting tire export
-China’s tire export
-major export destinations of Chinese tire
-trade barriers experienced by Chinese tire
-export forecast of Chinese tire

The author suggests the following groups of people purchase this report:
-tire manufacturers
-enterprises engaged in tire trade
-related enterprises in industrial chain of tire
-investors and research institutions interested in Chinese tire industry

Table of Contents
1 Overview of Tire Industry in China
1.1 Definition and Classification
1.1.1 Definition
1.1.2 Classification
1.2 Status of Tire Industry in China
1.2.1 Supply
1.2.2 Demand
1.3 Tire Industrial Chain in China
1.3.1 Tire Mould
1.3.2 Carbon Black
1.3.3 Natural and Synthetic Rubber
1.3.4 Steel Cord
1.3.5 Auto Industry

2 Tire Export in China, 2011-2015
2.1 Overall Situation of Export
2.1.1 Export Volume
2.1.2 Export Value
2.2 Structure of Exports
2.3 Major Export Destinations

3 Factors Affecting China’s Tire Export
3.1 Economic Environment
3.1.1 Global Economy
3.1.2 Chinese Economy
3.2 Policy Environment
3.2.1 Chinese Government’s Policy for Tire Export
3.2.2 International Trade Barrier
3.3 Export Driver
3.4 Export Obstacle

4 Major Export Destinations of Chinese Tire, 2011-2015
4.1 United States
4.1.1 Tire Production
4.1.2 Tire Consumption
4.1.3 Tire Import
4.1.4 Trade Barrier Imposed on Chinese Tire
4.2 Mexico
4.3 United Kingdom
4.4 Australia
4.5 UAE
4.6 Saudi Arabia
4.7 Canada
4.8 Germany
4.9 The Netherlands
4.10 Nigeria

5 Forecasts on Tire Export in China, 2016-2020
5.1 Factors Affecting Export
5.1.1 Favorable Factors
5.1.2 Unfavorable Factors
5.2 Export Forecast
5.3 Development Advice

Table of Charts
Chart Classification of Tire Products
Chart Tire Output in China, 2008-2015
Chart Market Size of Tire Industry in China, 2008-2015
Chart China’s Tire Export, 2009-2015
Chart China’s Radial Tire Export, 2009-2015
Chart International Trade Barriers Experienced by Chinese Tires, 2009-2015
Chart China’s Tire Export to the US, 2011-2015
Chart Export Value of Chinese Tire, 2011-2015
Chart TOP20 Export Destinations of Tire in China 2015
Chart Tire Sales in the US, 2011-2015
Chart Export Forecast of Chinese Tire, 2016-2020

The post Research Report on China Tire Export, 2011-2020 first appeared on CRI Report.