Dublin, Feb. 01, 2021 (GLOBE NEWSWIRE) -- The "Research Report of the Tire Export Industry in China 2020-2024" report has been added to ResearchAndMarkets.com's offering.
China's annual production of pneumatic tires was more than 800 million in 2015-2019, the highest output was 1.04 billion in 2018. Due to the upstream rubber industry and the downstream automobile industry, the tire production in 2019 had declined, only 842.26 million.
According to the analyst, the tires exported by China are new pneumatic tires, which are mainly used for passenger cars and commercial vehicles (buses and lorries). According to the analyst, from 2017 to 2019, the export volume increased from 289.59 million to 315.58 million. Affected by COVID-19 from January to April 2020, the number of tire exports is relatively small, only 84.71 million, down by 13.45 million, or 13.70% compared to the same period in 2019.
Although the volume of passenger car tire exports is more than that of commercial car tires, the amount of commercial car tire exports is higher. In 2019, the export volume of passenger car tires was 223.23 million, the value being USD 5,569.82 million, while the volume of commercial vehicle tires was 92.36 million, which was worth USD 7,350.04 million.
The export destinations of passenger car tires are always relatively scattered, with only the UK ranking the first, accounting for 8-10% of the total volume. While commercial vehicle tires were mainly exported to the United States. Even in the face of the Sino-U.S. trade war and epidemic situation, the United States was still the first export destination, accounting for 14-26% of the total volume.
China's government encourages enterprises to export tires, while lots of other countries have raised tariffs on Chinese tires. Considering the pandemic and other factors, exports have estimated to be relatively low in 2020 and should gradually recover after 2021.
According to the analyst, the USA, the UK and Mexico are expected to be the top three export destinations in the next five years, followed by Germany, Saudi Arabia, and the United Arab Emirates.
Readers may obtain the following information from this report:
Economic Environment of the Tire Industry in China
Policies for Exported Tires in China
Analysis on the Supply of Tires in China
Analysis of Exported Tires in China
Analysis of Major Destinations of Exported Tires in China
Price Trends of Exported Tires in China
Driving Forces and Opportunities for Exported Tires in China
Forecasts on Exported Tires in China 2020-2024
Key Topics Covered:
1 China's Tire Production, 2015-2019
1.1 Passenger Car Tires
1.2 Commercial Vehicle Tires
2 Related Policies of China's Tire Exports
3 China's Tire Export Scale, 2017-Apr. 2020
3.1 Types of Exported Tires from China
3.1.1 Passenger Car Tires
3.1.2 Commercial Vehicle Tires
3.2 Export Volume of Tires
3.1.1 Passenger Car Tires
3.2.2 Commercial Vehicle Tires
3.3 Export Value of Tires
3.3.1 Passenger Car Tires
3.3.2 Commercial Vehicle Tires
4 Major Destinations of Tire Exports from China, 2017-Apr.2020
4.1 Major Destinations of Tire Exports from China, 2017
4.2 Destinations of Tire Exports from China, 2018
4.3 Major Destinations of Tire Exports from China, 2019
4.4 Major Destinations of Tire Exports from China, 2020
4.5 Analysis of Exported Tires from China to USA, 2017 -2020
5 Factors Influencing China's Tire Exports, 2020-2024
5.1 Drivers and Opportunities of China's Tire Exports
5.2 Unfavorable Factors of China's Tire Exports
6 Forecast on China's Tire Exports, 2020-2024
6.1 Forecast on Tire Exports from China, 2020-2024
6.2 Forecast on Export Destinations
For more information about this report visit https://www.researchandmarkets.com/r/s61yv3
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