China’s Tire Industry Sees More Output, Less Exports
Statistics show that in the first five months of this year, the 41 key member companies under the Tire Division of China Rubber Industry Association completed tire output of 65.75 billion yuan, down 6.31% year on year, and their sales incomes dropped 4.02% to 60.83 billion yuan.
The companies’ output of tire casings totaled 148.57 million in January-May, up 3.29% year on year.
Included were radial tires of 135.62 million, up 4.65%; all-steel radial tires of 33.87 million, up 2.98%; and radial tires accounted for 91.28% of total tire output.
In the first five months, the producers delivered tires of 20.24 billion yuan, down 9.51% from the same period of last year.
The delivery of tire exports declined 0.24% to 61.41 million yuan, including 57.30 million radial tires, down 0.01%.
By the end of May, the inventory of the companies valued 14.95 billion yuan, down 11.58% year on year, or up 0.76% from April.
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