China's tire industry will enter a new period of rapid development in the next five years

In 2009, the global tire market was reduced by about 5%, and it is expected that there will be no improvement until 2011. In 2009, the demand for automobile tires in the global market dropped from 1.3 billion in 2008 to 1.24 billion. In 2010, the demand for automobile tires may recover slightly. Truck tires declined by 3.7% in 2009 from 162 million in 2009 to 156 million, and by 2010 it will increase to 159 million. In 2008, the global demand for radial trucks increased by 0.2%, but it dropped by 4.2% in 2009 and will rebound by 7.9% by 2010. In terms of passenger car radial tires, due to the economic recession will further deepen, in 2008 the market demand fell by 0.2%, in 2009 and 2010 were further reduced by 5.2% and 0.2%, will not be better until 2011. Because the North American and Western European markets were hit by the global economic recession, the decline in demand for the tire market increased, and the global market was even larger. In addition, the domestic markets of China and India are expected to grow, so this will offset the decline in market demand in developed countries.

In recent years, the astonishing growth rate of the Chinese tire industry has formed an export pattern of nearly 40%. In 2008, 45 key tire companies produced 238 million tires, an increase of 0.3% year-on-year; sales revenue was 131.5 billion yuan, an increase of 14.1%. Among them, the output of radial tires was 190 million, an increase of 7.8% over the same period of last year; the radialization rate was 79.9%, an increase of 5.6 percentage points. The total production of radial tires for 62 radial tire production enterprises nationwide was 263 million, an increase of 10.6%. The total output value of the tire industry accounts for more than 65% of the total output value of the rubber industry. In the face of the unexpected financial crisis, the Chinese tire industry is facing a major test. The United States and Brazil passed a special case for tire protection in China in 2009 and it is likely to create a domino effect, adding to the annoyance of overcapacity in the Chinese tire industry. However, after the world auto market fell into a slump in 2009, the Chinese market had suddenly risen, and the production and sales of automobiles had miraculously exceeded tens of millions. China's auto market has surpassed the US officially becoming the world's largest auto market with no suspense. With the rapid growth of the Chinese auto industry, consumer policies have played an important guiding role. The halving of purchase tax in 2009, the “cars going to the countryside” and the old-for-new three policies have boosted the huge consumption potential of Chinese private cars. Under the financial crisis, domestic automobile production and sales achieved 30%-40% of the monthly income in 2009. Year-on-year growth.

Driven by the soaring sales of automobiles, most of China's large-scale tire companies have been prosperous in production and sales in 2009, and the operating rate of some companies has approached or even exceeded historical best levels. Under the dual effects of a sharp drop in raw material prices and a limited fall in the selling price of tires, the gross profit margin of the tire industry increased by 5% to 10%, reaching the highest level in history. Correspondingly, the net profit of a number of tire listed companies also increased significantly. At the same time, due to the huge demand for engineering tires in countries such as China, Russia and Indonesia, global large-size tires are in serious shortage. World-class tire manufacturers are working hard to expand their production capacity. Existing equipment is at full capacity, but it still cannot meet market needs. At present, major domestic and foreign production companies, including Aeolus, have been producing at full capacity. The supply of construction tires still cannot meet the requirements of construction machinery companies and tire dealers. The production capacity of Chinese radial tires is far from meeting the rapid growth at home and abroad. The request. China's tire market will enter a stage of rapid development in 2010-2015.

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