Market Share of Chinese Tires Plunges in Russia

Tires produced in China encountered anti-subsidy and anti-dumping probe in the U.S. and severe setbacks in the Russian market.

Foreign media report said that in 2015, the market share of Chinese tire producers in Russia was 47%.

In 2014, the figure was 64%, signifying an obvious plunge in Russia market.

Materials released by Cordiant said that Chinese manufacturers almost quit Russian tire market.

Cordiant is one of the top three tire companies in Russia, with its product category covering car tires, truck tires, aircraft tires and tires for agricultural machines.

Statistics show that in 2015, Aeolus took up a 1.4% share in Russia, vs. 7.3% in 2014; and Triangle’s share was 2%, vs. 6.3% in 2014.

The situation was directly resulted from an additional anti-dumping tariff imposed on truck tires imported from China by Russia’s Eurasian Economic Commission in the context of existing 10% tariff.

The tax rate of anti-dumping tariff in Russia differentiated from 14.8% to 35.4% by companies.

Obviously, under such circumstances, Chinese tire producers have been losing their competitiveness.

Tire demand in Russia market increased rapidly over the past few years but some importers held the prices down as an increasing number of Chinese tire companies entering into the market.

Soon, the customs union of Russia, Belarus and Kazakhstan launched an anti-dumping probe against truck tires from China.

Last year, truck tire imports of Russia lessened 34% and the country’s local tire producers increased capacity, which also impacted Chinese tire producers’ status in Russia.