Fast Market Research

New Market Report Now Available: Tire Export in China, 2009-2014

Recently published research from CRI, "Tire Export in China, 2009-2014", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 06/13/2014 -- The export of tires in China started in 1952. In early stage, major exported categories were truck tires, light truck tires and agricultural tires with diagonal structures. Currently, the exported categories contain over 1,600 varieties in 5 major series, including truck tires, light truck tires, passenger car tires, engineering industrial tires and agricultural tires with diagonal and radial structures. The export destinations expand from Southeast Asia, Middle East and Africa to developed countries and regions such as North America and Europe. China becomes the world's largest manufacturer, exporter and consumer of tires. However, the degree of dependence on foreign trade is 1/3 for tires in China.

The export volume of tires was 4.993 million tons in China in 2013, up by 13.33% YOY. The export volume of radial tires was 152 million, up by 11.9% YOY. The export value of tires exceeded USD 16,154 million in China in 2013, up by 1.7% YOY. The average sales price of tires declined as the costs of raw materials for tires decreased in China in 2013. Therefore, the growth rate of export value was far lower than that of export volume.

View Full Report Details and Table of Contents

The U.S.A. was the largest export destination for tires from China with the export value of USD 3.7 billion.

According to statistics, the total demand for tires in U.S. market reached 327 million in 2013 with half of them depending on import. Chinese tire enterprises benefitted from the situation. The demand for passenger car tires was the largest and reached 267 million, accounting for 82% of the total demand. Meanwhile, the demand for replacement tire of passenger car tires accounted for 61% of the total market demand. Therefore, domestic tire industry depends heavily on the U.S. market.

Most imported passenger car tires are radial tires with the scale of 15-16 inches in the U.S.A. The export price of tires in the scale range in China is 80% of the average export price of tires. The price of tire products in China is relatively low compared with other countries. The import volumes of tires from China rank the first among all scales of passenger car tires in the U.S. The YOY growth rates exceed 30% with the highest one surpassing 70%. The increasing export of tires from China to the U.S. stimulates the prosperity and development of tire export in China. However, rapid growth may be influenced by related trade policies. For instance, the Measures Affecting Imports of Certain Passenger Vehicle and Light Truck Tires from China are important trade barriers for tired exported from China to the U.S.

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Manufacturing research reports at Fast Market Research

You may also be interested in these related reports:

- Research Report on China Tire Industry, 2013-2017
- China Tire Retreading Industry - Overview and Forecast to 2017
- China's Synthetic Rubber Industry Research, 2013-2017
- Export-Import Bank of the United States - Alternative Energy - Deals and Alliances Profile
- Export-Import Bank of the United States - Clean Technology - Deals and Alliances Profile
- Purified Terephthalic Acid Global Market to 2020 - Overcapacity and Declining Margins to Hinder Global Demand in the Short Term
- Aggregates in Austria to 2017: Market Databook
- Aggregates in Belgium to 2017: Market Databook
- Aggregates in France to 2017: Market Databook
- Aggregates in Germany to 2017: Market Databook