In 2009H1, the growth rate of Chinese rubber industry scale decreased compared with that in the same period of 2008. From January to May, the sales of Chinese rubber products was RMB 163.951 billion, rising by 3.81%YOY; the growth rate declined by 22.45% YOY.
The growth rates of various costs saw obvious decrease compared with those in the same period of the last year. From January to May of 2009, the total cost of Chinese rubber products was RMB 153.514 billion, increasing by RMB 6.763 billion YOY. Among that, the cost of sales was RMB 140.467 billion, rising by 1.85% YOY; the growth rate declined by 25.65% YOY. The selling expense was RMB 4.965 billion, rising by 14.18% YOY; the growth rate decreased by 12.73% YOY. The cost of administration was RMB 5.72 billion, increasing by 4.1% YOY; the growth rate fell by 14.28% YOY. The financial cost was RMB 2.361 billion, rising by 22.56% YOY; the growth rate rose by 4.27% YOY.
In 2009H1, the total investment in fixed assets of Chinese rubber industry was RMB 28.461 billion, rising by 30.6% YOY; the growth rate rose by 20.7% YOY, 1.3% higher than that of the entire manufacture in the same period. The investment in the rubber industry took up 1.14% of that in the entire manufacture; the proportion rose by 0.01% YOY.
In 2009H1, the outputs of Chinese radial ply outer tires, outer tires and galoshes were 134.7 million, 304.166 million and 953.286 million pairs respectively. The outputs of radial outer tires, outer tires rose by 1.21% YOY and 10.10% YOY while the output of galoshes decreased by 1.93% YOY.
In 2009H1, the export value of Chinese rubber products totaled USD 4.617 billion, decreasing by 16.9% YOY; the import value was USD 4.251 billion, decreasing by 28.4% YOY; there was a surplus of USD 366 million in Chinese rubber industry, rising by USD 753 million YOY.
There are many favorable factors for Chinese rubber industry. Chinese government has issued a series of policies to stimulate the economy, such as Plan on Adjusting and Revitalizing the Auto Industry, the improvement of tire export rebates, duty-free import of composite tires, etc. This is beneficial to the development of the entire industry. The improvement in the industries of transportation, coal, electricity, building materials and machinery will promote the development of related rubber products. The optimization of product structure in large tire groups and the rapid development of high performance tires will averse risks in the future development of the rubber industry. Rational increase in the productivity and output of domestic composite rubber will provide guarantee for the development of downstream industries.
However, there are unfavorable factors for Chinese rubber industry such as the international output decrease of natural rubber and the export decline. As a result, Chinese natural rubber industry and the global rubber industry display a trend of slow growth with violent fluctuation. It is predicted that Chinese natural rubber industry will see violent fluctuation regionally in 2009H2.
Through this report, readers can acquire more information:
- Operations of Chinese rubber industry, 2008-2009H1
- Outputs of Chinese tires, 2008-2009H1
- Outputs of Chinese galoshes, 2008-2009H1
- Exports of Chinese tires, 2008-2009H1
- Profits of Chinese rubber industry, 2008-2009H1
- Policy trend of Chinese rubber industry, 2008-2009
- Hot events in Chinese rubber industry, 2008-2009
Following persons are recommended to buy this report:
- Tire producers
- Galosh producers
- Other rubber product producers
- Rubber product traders
- Investors concerning Chinese rubber industry
- Research institutions concerning Chinese rubber industry
- Others concerning Chinese rubber industry