US Import Volume of Tires from China Decreased by 10.8% in 2018Q1

admin — Thu, 28 Jun 2018 01:44:03 +0000

In Mar. 2018, the US import volume of tires reached 19.02 million, decreasing by 8.9% over the previous year and increasing by 2.7% over the previous month. Among them, passenger tires were 11.83 million, falling by 10% YOY and increasing by 6.3% MOM. Tires of trucks and passenger vehicles were 3.44 million, with an increment of 0.4% over the previous year and 8.5% over the previous month.

In March, the US imported tires from China reached 3.78 million, dropping by 10.8% YOY and 10% MOM. Among them, passenger tires decreased by 35.5% YOY and 24.1% MOM. Tires of trucks and passenger vehicles surged by 145.5% over the previous year and went up by 11.3% compared to the previous month. Bicycle tires decreased by 2.5% YOY and 6.7% MOM.

In the first quarter, the US imported 56.60 million tires, falling by 3.7% YOY. Passenger tires decreased by 3.7% YOY and tires of trucks and passenger vehicles increased by 1.3% YOY. In the same period, the imported tires from China were 13.15 million, decreasing by 4.6% YOY. Passenger tires decreased by 24.9% YOY and tires of trucks and passengers vehicles increased by 38.1% YOY.

The post US Import Volume of Tires from China Decreased by 10.8% in 2018Q1 first appeared on CRI Report.

Analysis on Trend of China Tire Industry, 2017

Yuwenhao — Mon, 10 Jul 2017 08:10:00 +0000

According to statistics of World Automobile Association, at the end of 2016, automobile reserve volume was 1.12 billion, and production volume in 2015 was 90.68 million, up by 3.63% YOY. Global automobile production volume has kept a compound growth rate of 3.5% since 1997.

In 2016, domestic automobile market also thrived in both productions and sales: annual sales volume of passenger vehicles was 24.38 million, hitting a record high, up by 16% YOY; sales volume of heavy truck even reached 32%, a historical high growth rate since 2011. At the end of 2016, automobile reserve volume will be 190 million with the growth rate of over 10% for many consecutive years. In 2016, domestic automobile sales market experienced strong growth, especially that the demands for heavy trucks significantly increased under the influence of infrastructure construction and policies. It is estimated that productions and sales in 2017 will keep growing; tires and tire moulds are expected to be benefit from and driven by downstream demands.

With decreasing negative export effects and thriving productions and sales of domestic automobiles, in 2016, domestic tire production and export are expected to increase slightly and reverse the downward trend. Tire production period lags behind that of tire sales. In 2017, demand environment is estimated to be friendly.

Reference:

Research Report on China Tire Industry, 2017-2021

According to incomplete statistics by CRI, by the end of 2016, the number of tire manufacturers had been over 550 in China.

Tire Industry Overview in China, 2011-2020 – Status Quo, Barriers, Top 5, Cost and Sales analysis

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.

Research Report on Tire Export in China, 2017-2021

In 2017, China’s tire export will remain dim. This is mainly due to the slowing growth of the global economy and the increasing international trade barriers. For another, China’s is faced with heavy inflation pressure, bringing up the cost in the tire industry and consequently reducing the competitiveness of Chinese…