Chinese All-steel Tire Market Annual Report 2016

Published: March 2017
No. of Pages: 94
    ReportsandReports

Keywords: All-steel tire capacity, output, demand, import, export, review and forecast of China and the worldwide, involving Shanghai Huayi (Group), Shandong Linglong Tire, Guizhou Tyre , Doublestar Group, Sailun Jinyu Group, Giti Tire (China) Investment Company and Aeolus Tyre, Triangle Tire and Jiangsu General Science Technology, and other major tire enterprises in the U.S., Japan, South Korea and India.

Introduction:
China’s all-steel tire industry turned relatively silence in 2016 compared with the extreme hike in previous years. China’s tire enterprises, after a series of reorganizations, mergers, acquisitions, capital injections and other strategic adjustments, were enhanced by persistent capital supports and rational labor deploy, and their operations were consecutive and stabilized. However, the tire market was not in the Pacific, but was raging like in a storm. First of all, right after the U.S. antidumping and countervailing investigation on Chinese-made passenger car tires in 2015, a new investigation in the U.S. started again on Chinese-made truck tires in 2016. Meanwhile, the raw material market also acted like in a rolling coaster in 2016, coming with surges and collapses alternately. Violent price volatilities blocked tire enterprises’ intention to raise offers, and the new logistics regulations implemented on September 21 also brought joys and worries to tire market participants.

The growth of China’s all-steel tire industry capacity decelerated in 2016, but the general operating rate rose. According to SCI, the actual output of the all-steel tire industry was at 162.4 million pieces in 2016, up 1.3% from last year. The annual average operating rate of the industry was 67.36%, up 2.97% from last year. Chinese all-steel tire import volume was 11.10kt in 2016, up 6.14% Y-O-Y. The Chinese all-steel tire production technology was improving, and foreign brands had built plants in China, thus the demand for imported all-steel tire was limited. The antidumping & countervailing caused a decline of export volume to the U.S., but the export markets in other countries were developed fine, so the total export volume in 2016 was 3,312.71kt, up 5.86% Y-O-Y.

Published By: SCI Group
Product Code: SCI Group23


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