Chinese Tire Companies With Strong Market Performance
On August 18th, the General Administration of Customs released tire export data for July 2023.
In July, the growth rate of China's tire export volume and export amount slowed down; However, the cumulative growth data for the first seven months still performed well.
Data shows that the total export volume of rubber tires in China remained unchanged from June, reaching 810000 tons, a year-on-year increase of 6.1%; The export amount is approximately 14.516 billion yuan, an increase of 8.4% year-on-year.
Among them, the export volume of new pneumatic rubber tires was 780000 tons, a year-on-year increase of 6.8%; The export amount was 14.025 billion yuan, a year-on-year increase of 9.4%.
Calculated by the number of tires, the export volume of new pneumatic rubber tires in July was 56.89 million, a year-on-year increase of 4.7%.
From January to July, the cumulative export volume of rubber tires in China was 5.09 million tons, a year-on-year increase of 12.5%; The export amount was 89.439 billion yuan, a year-on-year increase of 17.9%.
Calculated by the number of tires, in the first seven months, China exported 356.97 million new pneumatic rubber tires, a year-on-year increase of 6.6%.
Since the beginning of this year, the global tire market demand has rebounded, bringing significant benefits to Chinese tires.
Many tire companies are producing and selling at full capacity, and their products are in short supply. Many overseas tire dealers have rushed to Chinese companies to purchase tires.
The relevant person in charge of a certain tire company stated that the company currently has sufficient orders and is intensifying production.
He stated that in the second half of the year, there should be little change in domestic market demand, with a focus on strengthening market channel construction; In terms of overseas markets, it is expected that major manufacturers will continue to make efforts and increase investment in exploring new customers.
In addition, there may be significant fluctuations in the prices of tire raw materials, which is also a test for enterprises.
It is understood that from January to July this year, the total production of tires in China was 559.110 million, a year-on-year increase of 13.5%.
