CHINA TIRE PRODUCTION AND SALES DATA ANALYSIS IN AUG

 

In August, China’s tire output maintained a slight growth, exports show volume increase price decline trend.

Tyre production increased slightly

 

Data from the National Bureau of Statistics showed that in August, the output of rubber tires and outer tires of enterprises above the designated size in China was 70.6887 million pieces, up 2.5 percent year-on-year and down 2.834 million pieces month-on-month.

From January to August, the cumulative output of tire and outer tire was 569 million, up 1.9% year-on-year, maintaining a slight growth.

 

Tire export volume increase price fall

China exported 42.85 million new inflatable rubber tires in August, up 2 percent from a year earlier, according to customs data.Exports totaled 8.69 billion yuan, down 2.4 percent year-on-year.

 

From January to August, China’s tire exports totaled 338 million, up 5.1% year on year.The cumulative export volume reached 68.612 billion yuan, up 6.3% year on year

Among them, the tire export in shandong province in the first 8 months was 41.28 billion yuan, up 10.4% year on year.Dongying tire exports totaled 13.37 billion yuan, up 2.2% year-on-year.

 

At present, Chinese tire export enterprises actively explore new markets, such as southeast Asia, the Middle East, Africa and other places, the export volume maintains the growth momentum.

 

In addition, large enterprises to speed up the construction of overseas bases, the subsequent Chinese tire international trade pattern, will also have a certain impact