Tire industry prospects

Date:2014-06-30 10:06

Since the foundation of new China for more than 60 years, China has gradually developed into the largest productive nation in the tire industry of the world, established an entire industrial system with complete series of products of various specifications, and obtained a series of international-leading technological achievements with original innovation features. Passing the high-speed and high-load tests, TBR tires in China have reached the world advanced level; sedan TBR tires have realized no inner tubes, wide cross sections, flattening and high speed; safe, energy-saving & environment-friendly tires keeping up with international trends have been steadily pushed to the international market and been accepted.
It is revealed in Report of Depth Research & Investment Strategy Analysis on China Automotive Tire Remanufacturing Industry that tire export was faced with more complicated situations in 2011 because the tire industry of China had been influenced by the deceleration of global economy, and the production economy was extremely difficult to operate in addition with the influences of unstable prices of rubber and other raw materials, difficultly controlled cost and other factors. However, the economical operation totally kept stable increase in the whole year with the joint efforts of the industry and enterprises. Up to the end of 2011, the tire manufacturing industry of China had reached RMB 293.3 billion, with the year-on-year growth of 17.99%; the tire manufacturers with over yearly scale had realized the prime operating revenue of RMB 404 billion, with the year-on-year growth of 30.40%; the enterprises have realized the total profit of RMB 19.08 billion, with the year-on-year growth of 19.57%. In 2011, the tires (containing various outer tubes) in China reached the yield of 832.1 million pieces, with the year-on-year growth of 8.5%.
From January to June of 2012, the tire manufacturing industry of China reached the gross sales of RMB 228,912,200,000, with the year-on-year growth of 17.32%; it realized the total profit of RMB 13,363,700,000, with the year-on-year growth of 59.81%.
China has become the largest automobile producing country and new vehicle consumption country; on one hand, from the perspective of consumption, the car ownership per capita in China hasn’t reached one half of the world average level, and automobile consumption still has a larger space to grow; on the other hand, the infrastructural investment of China and other emerging markets keeps a rapid growth tendency, and engineering machinery consumption also has a larger space to grow. The growth of automobile consumption and engineering machinery consumption will promote the tire industry to keep a solid growth tendency. It is reported in FORWARD that tire demands will continuously increase rapidly in “the 12th Five-year Plan” period, and the tire industry of China has an upbeat prospect of development.
Since 2009, central government has released a series of consumption stimulation measures; under the influences of these stimulation measures, automobile consumption presents the situation of rapid growth, and the prosperity of automobile consumption directly drives the sales growth of tires.
The sales growth of automobiles has stimulated the sales of tires, but the development of the whole tire industry is also faced with many constraints which mainly come from the variation of market demand, the rising of rubber cost, the popularization of green tires, and the deterioration of export environment. History tells us that when global economy is in turbulence, the market will often be impacted by various unexpected factors such as Sino-US Tire Special Protection Case; therefore, for investors, keeping market sensitivity in variation all the time is the necessary condition of enterprise survival.


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