Average Export Price of Tires from Shandong Drops Over 10% in Apr.

In the first four months of this year, the tire exports from Shandong province increased in volume but dropped in prices, according to Qingdao Customs.

Statistics show that in the first four months, some 64.94 million new inflated tires were exported from Shandong port, up 10.2% year on year; the export value was 14.27 billion yuan, up 0.7%; and the average export price was 220 yuan/tire, down 8.7%.

In April, Shandong exported 17.39 million tires, up 1.7%; the export value was 3.71 billion yuan, down 11.9%; and the average export price was 213 yuan/tire, down 13.4%.

In the first two months, the monthly tire exports in Shandong port had been low. The export volume soured 48.8% year on year in March and the export volume in April totaled 17.39 million, up 1.7% on a yearly basis, but down 0.1% from March.

With regard to the price, the monthly export prices in Shandong port declined since 2015 and the figure came to a new low this February since June 2006.

In April, the average export price of tires was 213.3 yuan/tire, down 13.4% from the same period of 2015, or down 9% from March.

According to Qingdao Customs, the European market has been well and the emerging markets are active, which boost the tire exports.

Recovery of European economy and warming up of the vehicle market have driven up China’s tire exports. In April, tire exports from Shandong port to EU increased by 9%.

In the meantime, Chinese companies explore the potential of emerging markets, which also gives a boost to China’s tire exports.

In April, the tire exports from Shandong port to ASEAN surged 66.5%, which contributed 183.7% of the increment in tire exports from the port.

Furthermore, impacted by the anti-dumping and anti-subsidy measures by the U.S., the tire exports in the same period of last year had been low, which became a key factor for the export growth in April.