Analysis on the Export Volume and Characteristics of Shenzhen Port Tires in the First Half of the Year

According to customs statistics, in the first half of 2010, 11.65 million new inflatable rubber tires (hereinafter referred to as “tires”) were exported through the Shenzhen port, an increase of 6.8% over the same period of last year; the value was US$150 million, an increase of 23.4%; exports The average price was 13.1 U.S. dollars, up 15.9%. The main features of exports are:

In January and June, the volume of exports hit a new high during the year, and export prices fell at a high level. From January to April this year, Shenzhen port tire exports remained sluggish. In the first four months, only 4.7% year-on-year growth in the month of March, and the rest of the month were negative growth, but the export situation has improved significantly since May, exporting 222.2 million in May. Rapid growth of 21% year-on-year, and the growth rate of exports continued to accelerate to 33.7% in June, with 2.234 million exports, the highest monthly export record since last year. At the same time, the average export price has been on a slow upward trend since the beginning of this year. In April, the price of each item of 17.9 U.S. dollars hit its highest level since last year, but has declined since then. In June, it was 12.1 U.S. dollars per month, a slight decrease of 1.6% year-on-year and a month-on-month decrease of 3.1. %.

Second, processing trade exports accounted for nearly 80%, and general trade exports increased significantly. In the first half of the year, 9.1 million tires were exported through the Shenzhen Port through processing trade, a decrease of 3%, accounting for 78.7% of the total exports of Shenzhen port tires at the same time (the same below), and 2.38 million in general trade, a substantial increase of 76.4%. The proportion increased from 12.5% ​​in the same period of last year to 20.6%.

Third, the U.S. is still the largest export market, but its share has declined, and exports to Latin America have grown rapidly. In the first half of the year, the Shenzhen Port exported 5.209 million tires to the United States, which fell by 8%, accounting for 45.1%, and the proportion decreased by 7.3% compared with the same period of last year. The United States still maintains the largest market position for tire exports from Shenzhen Port; during the same period, it exported 2.178 million to the EU. , an increase of 19.5%; exports to Latin America 1.496 million, a substantial increase of 48.7%; to the re-exports of Hong Kong exports of 1.31 million tires, a slight increase of 3%; In addition, exports to Canada and Taiwan Province were 352,000 and 319,000, respectively, Significantly increased by 49.2% and 1.3 times respectively.

Fourth, the proportion of foreign-invested enterprises has increased rapidly, and the export volume of state-owned enterprises has plummeted. In the first half of the year, foreign-invested enterprises exported 10.45 million tires through the Shenzhen port, a rapid increase of 1 time, accounting for 90.4%, which accounted for 43.1 percentage points more than the same period of last year; the export volume of state-owned enterprises dropped drastically from 5.661 million in the same period of last year. 1.066 million, a drop of 81.2%.

5. The export of rubber tires for bicycles accounted for more than 40%, and the export of new herringbone or similar pneumatic tires for agricultural and forestry vehicles and machinery has increased rapidly. In the first half of the year, 4.966 million rubber tires were exported to Shenzhen via the Shenzhen Port, a rapid increase of 42.6%, accounting for 43%; and 3.176 million new tire-shaped or similar pneumatic tires for agricultural and forestry vehicles and machines were exported, a rapid increase of 93.9%, accounting for 27.5 In addition, there are 340,000 inflatable rubber tires for export passenger cars, down 22.1%.

In the first half of this year, the main reasons for the rise in the volume of tires exported through Shenzhen ports are:

First, the gradual recovery in external demand and the growth of emerging markets have driven the export situation to turn for the better. Recently, the tire demand in the international market has rebounded, and the world tire market has gradually entered the stage of restocking. This has led to a rapid year-on-year growth in tire exports from Shenzhen Port in May and June. Although the United States decided in September last year to impose special tariffs on China’s export of tires, the number of tire exports to the United States through the Shenzhen port has declined in the first half of this year, but exports to other regions, such as the European Union, have continued to grow steadily. At the same time, benefiting from the rapid growth of emerging markets, in the first half of this year, the Shenzhen port exported 1.496 million tires to Latin America, a significant increase of 48.7%, and contributed to a growth rate of 66.2% of the total exports of port tires in the same period.

Second, the price of natural rubber rose sharply to raise the average export price.

Since the beginning of this year, the price of natural rubber, the main raw material for tire production, has risen significantly. According to customs statistics, the average price of natural rubber imported from Shenzhen port has increased by 56% in the first half of the year. The increase in raw material prices has forced tire manufacturers to increase sales prices. Recently, the global tire industry has raised prices. Tide, the major international tire manufacturers have increased the tire prices, almost all tire companies and tire types, the rate of more than 5%, the increase in the international price of tires will also raise the average price of tire exports through the Shenzhen Port in the first half. Although recent international crude oil prices have fluctuate, the average price of tires exported from Shenzhen ports in June has been driven down, but it is still at a relatively high level.

The following three major issues still face the current domestic tire industry's production and export:

First, global auto sales are not optimistic, and market demand is not enough. In the near future, as Europe's scrap car subsidy plan is about to withdraw, coupled with uncertainties in the global economic recovery, consumers' willingness to purchase cars may be reduced. The global auto sales situation in the second half of the year is not optimistic. General Motors, Ford Motor Co. and Chrysler Motor Co., the US’s top three automakers, recorded a month-on-month decline in vehicle sales in May, and the sales volume of Japanese automakers in the US market also fell. In June, the number of new French home vehicles sold was 241,000, a year-on-year decrease. 1.2%; Italian car sales decreased by 19.12%. At the same time, China’s automobile production and sales both decreased by 1.8% in June, and the growth rate of the domestic and foreign auto industries generally slowed down. Tire demand growth may be relatively weak in the second half of the year.

The second is that trade barriers have continued to increase, increasing tire export resistance. Since September last year, the United States has imposed special safeguard measures on tires imported from China and imposed special tariffs for three years. In December, Argentina launched an anti-dumping investigation against Chinese tires. From January 1 this year, the European Union on tires PAH content is limited; in February, India announced a five-year anti-dumping duty on tires originating in countries such as China; recently, South Africa once again decided to reopen anti-dumping investigations on China’s tires, and currently filed anti-dumping measures against China’s tires. Counter-subsidy investigations have reached more than 10 countries, and increasing trade barriers have made the situation of China's tire exports even more severe.