Albany, NY -- (SBWIRE) -- 01/23/2015 -- Global and China Tire Industry Report, 2013-2014 highlights:

1. Global automobile industry and market analysis;
2. China automobile industry and market analysis;
3. American, Indian and Chinese Tire industry and market analysis;
4. Leading 27 tire vendors worldwide

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2013 and 2014 marked bumper years for the tire industry. On the one hand, the raw material prices in the upstream remained falling; on the other hand, both the European and American markets resuscitated in a moderate manner, leading to an increasing demand from downstream. Take natural rubber, as a kind of raw material in the upstream, for example, the prices continued slipping, down from USD4,616/ton in 2011Q4 to USD2,574/ton in 2013Q4 in the international market. As the same case in Chinese market, the natural rubber price slumped from RMB21, 500/ton in Oct.2013 to RMB14, 380/ton by Mar.2013, a sharp drop of 33%. It is estimated that the price of natural rubber will maintain at a low level or even will see a slight decline in the second half of 2014.

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In 2013, the tire demand appeared to be robust due to the steady recovery of European and American Economy. In 2013, on the global basis, the OE tire and RT (Replacement) tire demand for PLT (Passenger and Light Truck) use both grew by 3%, for CV (Commercial Vehicle) use increased by 6% and 5%, separately.

In Europe, the OE tire for PLT use rose by 1% and RT tire demand kept flat, the figure for CV use witnessed growth of 4% and 8%, respectively.

In North America, the OE tire and RT tire demand for PLT use both jumped by 5%, while for CV use fell by 7% and 2%, separately.

In Asia, the OE tire and RT tire demand for PLT use shot up by 5% and 6%, and for CV use went up by 12% and 5%, respectively.

In South America, the tire demand for CV use presented strong rebound, OE and RT shot up by 30% and 10%, respectively.

As for Africa-India-Middle East market, the OE tire demand for PLT use dropped by 6% , while RT went up by 4%; the OE tire for CV use glided by 13%, while RT climbed by 8%.

According to the statistics conducted by China Rubber Industry Association Tire Branch, the profit of 46 industrial players surveyed rose by 12.3% to a record high of RMB10.07 billion. China exports a matter of one third of its tire products, and mostly to the US. In 2013, the US imported 51.2 million tires from China, up 57.5%, the record growth in the past 7 years. In 2012, the import volume, for the US, grew by 25% to 32.5 million units; in 2011, the figure posted 26 million. During 2013, the import volume of tires for passenger cars, for America, beat a new peak, up by 13.6% year-on-year to 143.7 million. The growth mainly attributed to the import business from following three regions: Chinese mainland (a sharp year-on-year rise of 55.8%), Indonesia (a year-on-year growth of 16.7%) and Taiwan (a year-on-year jump of 22.7%).

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Because of substantial benefits of tire vendors, their enthusiasm for investment in the tire business was boosted greatly. When it comes to bidding dynamics in 2014, new projects and new capacities showed no less fever, with the estimated growth in all-steel tire capacity of 15 million units and in semi-steel tire capacity approximating 100 million units. As a result, China is expected to realize full-steel tire capacity 165 million units and semi-steel tire capacity roughly 600 million units by 2014 yearend when will witness further surplus of industrial structure and fiercer industrial competition.

In addition, due to pervasive haze, there have been provinces and municipalities since 2013H2 voicing their willingness to carry out national ? emission standard. It means that heavy-load trucks in line with national ? emission standard are not allowed to be sold. In comparison, heavy-load trucks in line with national ? emission standard are tens of thousands of higher in price than the equivalents in line with national ? emission standard. Coupled with unsmooth supply of diesel, many consumers in advance bought vehicles in line with national ? emission standard. Overdraft, stocking up and consumption in advance are, as ever, commonplace, which in part contributed to a steep year-on-year rise in sales volume between the full 2013 year and the first two months of 2014. Furthermore, the investment in fixed assets in March and April failed to witness sharp upward mobility, albeit the two marked peak season. With the addition of previous "overdraft", the heavy-duty truck market in 2014H2 is likely to demonstrate poor performance, and the all-steel radial tire market is expected to embrace oversupply.

Related Reports

Global and China Tire Mold Industry Report, 2013-2014

View Full Report at http://www.marketresearchreports.biz/analysis/206672

The Chinese tire mold industry prosperity rose again in 2013, with annual sales approximating RMB3.565 billion, up 18.44% YoY, mainly because domestic tire companies successively proposed and expanded tire projects against a sharp decline of rubber prices in 2013, which pulled the tire mold demand.

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Judging from the earnings of key enterprises, China's major tire mold enterprises showed varying degrees of growth in sales in 2013, of which, Shandong Himile Mechanical Science & Technology Co., Ltd. as the tire mold industry leader performed outstandingly, its sales from tire mold rose 57.11% YoY to RMB1.057 billion; followed by Greatoo Inc. whose tire mold sales attaining RMB468 million, up 14.04% YoY.

The US Farm Tire Market Report: 2014 Edition

View Full Report at http://www.marketresearchreports.biz/analysis/193364

Agricultural/farm tires are a sub-segment of specialty tires and are used for various farm vehicles such as tractors, combines, sprayers, trailers and harvesters. The year 2013 witnessed an increase in farm tire shipments in the US despite significant weather changes. The farm tire sales in 2013 were slow in the beginning of the year but fourth quarter shipments benefitted from late harvests and late planting. Due to reduction in prices of raw materials especially rubber, revenue from farm tire sales were relatively flat in 2013 compared to previous year.

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The US farm tire market has two segments, replacement (RT) and original equipment (OE) farm tires, and is further categorized into radial and bias types. The replacement segment accounts for the maximum share of the total US farm tire market. Although most of the farm tires are bias ply but the trend is changing towards the usage of radial tires. The demand for radial tires, which are found to be more beneficial in reducing compaction and handling heavy load, has far outstripped supply for last few years. A full range of new farm tires have been developed in conjunction with major agricultural machine manufacturers in response to the continuous evolution of farming techniques. In the coming years, the shipments are estimated to improve due to technological and design developments as well as increase in overall GDP and industrial production index. Key issues affecting farm tire manufacturers include weather patterns, fluctuating commodity prices and high inventory levels.

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