According to the General Administration of Customs data show that from January to August this year, China's cumulative exports of rubber tires about 5.89 million tons, an increase of 13.3%; the export value of about 103.513 billion yuan, an increase of 18%.
Tire companies to accelerate the sea
China's listed companies are accelerating to the international market, global production capacity layout. Currently a number of tire companies in the public interactive platform or investor research activities revealed that overseas orders exceed supply and market demand is strong.
Macro, with the recovery of the economic situation at home and abroad, the tire industry is facing unfavorable factors gradually subside, while the price of raw materials and shipping costs fall and a series of national policies to expand domestic demand, promote consumption, stable growth policies will help stimulate the market vitality, and further enhance the competitiveness of China's tire enterprises in the international market, the industry has ushered in a new stage of development.
Tire is the car's "shoes", tire companies to accelerate the layout of Southeast Asia behind the production line, the automotive industry to speed up the layout of the ASEAN region is becoming increasingly obvious trend.
In recent years, with the formal entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP), Japanese, Korean, European, Chinese brands and local local brand automotive enterprises have to accelerate the layout of the ASEAN market, further promoting the prosperous development of the Southeast Asian automotive market.
Especially in the car tire market, relevant favorable factors continue to emerge. Purchase tax continues to be reduced by half, new energy vehicle subsidy policy continuation of the introduction of policies, are conducive to ensuring steady growth in car ownership. Especially the rapid growth of new energy vehicle penetration, tire product quality and performance to put forward higher requirements, but also increase the consumption of tires.
In this context, this year has been a number of Chinese tire companies choose to "sea" ASEAN.
Cambodia, for example, has become an emerging destination for Chinese tire companies. It is understood that the General Corporation Cambodia plant since its opening in May this year, has achieved mass production shipments, the overall production capacity is climbing up the volume, is expected to reach full production in 2024, when it is expected to add sales revenue of 350 million U.S. dollars, about 30,000 tons of natural rubber consumed annually, for the local solution to the employment of more than 1,600 people, and to further promote the development of the local rubber, automotive and related parts and components industry chain, and promote the industrialization transformation of the Cambodian economy. industrialization transformation of the Cambodian economy.
Demand is picking up, and overseas orders are in short supply
Demand for semi-steel tires surged against the trend in the first half of the year, and the market for heavy trucks and commercial vehicles began to recover.
In contrast, the demand for semi-steel tires recovery is fast, and this trend is particularly obvious in the European and American markets. In Bian Yabo view, high inflation in Europe and the United States led to the domestic brand price-performance ratio highlights the attraction of a large number of European and American consumers to domestic products, and further promote the export of semi-steel passenger car tires increased significantly.
However, it should be noted that the big increase in exports of semi-steel tires is not only from the increase in overseas automobile consumption, Bian Yabo believes that this phenomenon does reflect the European and American consumers on the favor of Chinese products, as well as Chinese brands in the price-performance ratio of the advantages.
On the domestic front, the consumer stimulus of automobile price cuts and the continued growth of new energy vehicle sales have boosted the growth of demand for semi-steel tires. According to the China Association of Automobile Manufacturers data, from January to August this year, China's automobile production and sales were completed 18.225 million units and 18.21 million units, an increase of 7.4% and 8% respectively. Among them, automobile exports 2.941 million, an increase of 61.9%; and new energy vehicle production and sales from January to August were completed 5.434 million and 5.374 million, an increase of 36.9% and 39.2% year-on-year.
Demand is good background, tire companies orders increased greatly. From the first half of the tire industry start rate, production, according to Zhuochuang information statistics, in early September the domestic tire enterprise semi steel tire start load rose to 72.50%, year-on-year increase of 10.27 percentage points; all-steel tire enterprise start load of 64.42%, year-on-year increase of 10.76 percentage points. And tire enterprise inventory is at a relatively low level.