Shandong exported 160 mln tires in Jan.-Aug.

Qingdao Customs has issued the tire export analysis report for the first eight months of this year.

Statistics show that as of Aug. 31, Shandong province exported 160 million tires, up 3.9% year on year; the export value rose 14.8% to 37.72 billion yuan; and the average export price was 241.9 yuan/tire, up 10.5%.

In Aug., Shandong exported 20.65 million tires, down 1.4% year on year, or down 2.2% from July; the export value was 5.15 billion yuan, up 10.2% year on year; and the average export price was 249.3 yuan/tire, up 11.7% year on year, or up 3% from July.

Processing trade accounts for over 70%

In Aug., Shandong exported 16.26 million tires in terms of processing trade, down 4.9% and accounting for 78.8% of total tire export.

At the same time, the province exported 4.17 million tires in terms of general trade, up 13.1% year on year and accounting for 20.2% of total tire export.

ASEAN grows fastest

With regard to the export in Aug., EU, the U.S., Brazil and ASEAN were the top four export destinations, with a combined market share of 44.6%.

Shandong exported 5.35 million tires to EU, dipping 0.1% year on year; it exported 1.81 million tires to the U.S., down 15.2%; and 1.05 million to Brazil, up 8.7%.

In addition, it exported 1.01 million tires to ASEAN, up 21.8%.

Passenger car tire export declines a bit

In Aug., Shandong exported 12.45 million passenger car tires, down 0.5% year on year and accounting for 60.3% of its total tire export. It exported 5.16 million truck and bus tires, down 0.8%; and 1.49 million motorcycle tires, down 8.7%.

A market analyst said that increased raw material prices, stricter environmental protection supervision, and higher labor cost jointly boosted tire prices, which may restrain export growth.

Currently, cost effectiveness is the primary advantage of Chinese tire producers in the international market.

As prices keep growing, the competitiveness will be weaken and China’s tire export may confront difficulty.