Research Report on Global Tire Industry, 2010-2011

19 Nov 2010 • by Natalie Aster

London - Detailed market research report “Research Report on Global Tire Industry, 2010-2011” has been published by China Research and Intelligence.

According to China’s National Bureau of Statistics, Chinese tire production totaled 655 million in 2009, growing by 18% YOY. According to China Customs, the tire export and import volumes of China in 2009 amounted to 2.96 billion kg and 75.15 million kg, growing by 846.5% YOY and 1,011.5% YOY respectively; the export value came up to USD 7.69 billion, 4.7% decrease over 2008; the import value was USD 432 million, rising by 12.3% YOY.

In 2010, Chinese tire industry maintained vigorous growth. In the previous two months of 2010, Chinese rubber tire production was raised by 40.34% YOY, reaching 98.56 million. Among that, the production of radial tires was 50.42 million, 56.82% increase over that in the same period of 2009. In 2010Q1, Chinese tire export volume and value amounted to 777 million kg and CNY 2.05 billion, increasing by 47.4% YOY and 43% YOY respectively; the tire import volume and value totaled 20.45 million kg and USD 111 million, going up by 46.4% YOY and 35.8% YOY separately.

Report Details:

Research Report on Global Tire Industry, 2010-2011
Published: May 2010
Pages: 70
Price: US$ 3,200.00

Report Sample Abstract:

In 2009, Chinese auto industry enjoyed the prominent growth. The auto production and sales volume amounted to 13.79 million and 13.64 million, increasing by 48.30% YOY and 46.15% YOY respectively. In 2009, the production and sales volume of passenger vehicles totaled 10.38 million and 10.33 million, rising by 54.11% YOY and 52.93% YOY separately. The production and sales volume of commercial vehicles reached 3.41 million and 3.31 million, going up by 33.02% YOY and 28.39% YOY respectively. China has become the world largest auto production and consumption country.

In 2010Q1, Chinese auto industry sustained the growth trend in 2009. The auto production and sales volume reached 4.55 million and 4.61 million separately in 2010Q1, rising by 76.99% YOY and 71.78% YOY respectively. The production and sales volume of passenger vehicles amounted to 3.46 million and 3.52 million, growing by 84.34% YOY and 76.34% YOY separately. The production and sales volume of commercial vehicles were both about 1.09 million, increasing by 57.14% YOY and 58.50% YOY respectively.

Owing to the financial crisis since 2008, Chinese auto industry suffered great losses. Fortunately, Chinese government implemented the economic stimulus package, especially the Program for the Adjustment and Rejuvenation of the Auto Industry issued at the beginning of 2009. From Jan. 20th to Dec. 31st of 2009, the purchase tax for passenger vehicles with the emission no more than 1.60 liters was reduced to 5%. From Mar. 1st to Dec. 31st of 2009, Chinese government released CNY 5 billion to give the one-time fiscal subsidies to farmers who traded in light trucks with their old three-wheel vehicles and low-speed trucks or purchased mini buses with the emission less than 1.3 liters. These measures effectively restrained the decrease since 2008H2. Chinese auto industry realized the production and sales volume of both 13 million in 2009 and the adjustment in the auto product structure also acquired upstanding effects. Meanwhile, the M&A among auto manufacturers and the new energy auto sector were also under steady progress.

More information can be found in the report “Research Report on Global Tire Industry, 2010-2011” by China Research and Intelligence.

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