China's truck tire exports grew steadily in the first half

Recently, the reporter learned that in the first half of 2014, the Chinese tire industry performed well. On the one hand, the demand for car tyres in the domestic market remained strong, which led to a steady increase in imports; on the other hand, exports of car tyres, trucks and passenger car tyres also maintained a relatively good increase.

The reporter was informed that in the first half of 2014, the increase in imports of passenger car tires was 42.8%, which was much higher than the export growth of 9.4% during the same period. Xu Wenying, secretary-general of the China Rubber Industry Association, said that although domestic tire prices are relatively low, the market’s demand for imported car tires remains unabated. From a quantitative point of view, the import volume of passenger car tires has maintained a substantial increase. Although the increase in export volume is relatively low, it has reached 20 times the import volume.

In terms of passenger car tires, both export volume and export volume have maintained a steady growth, but there has been a negative growth in imports and imports. Some industry insiders expressed concern about the market demand for domestic truck tires.

From the monthly export data, the situation in the first half of the year is different in China. Exports of passenger car tires rose by 24% in April. Export growth in February, March and May was relatively small. However, the export growth rate of car tires in passenger cars maintained a good trend every month. It once reached a high point of 40.6% in April.

The data also shows that the average price of Chinese truck and bus tire exports is about 84% of the export price of car tires. On the whole, the export prices of Chinese tires fell by an average of about 6% in the first half of the year.

According to analysis, from the perspective of export volume in the first half of the year, the United States, the United Kingdom, and Germany are the top three destination countries for Chinese passenger car tire exports, of which the United Kingdom and Germany account for about 12% of total exports.

According to the reporter’s understanding, the United States is also the country with the largest destination of card passenger car tire exports in China. The United Arab Emirates and Russia rank second and third respectively, and their proportion of total exports is 5% and 4%, respectively.

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