China’s rubber recycling industry surges in 2013

China’s rubber industry realized 3.8% of rise in total production value in 2013. Amongst, rubber recycling industry surged 27.52%, while tire industry raised 2.06%, compared to the same period in 2012.

In sales respect, China’s rubber industry went up 2.73% in 2013, but rubber recycling industry soared 30.09%, when tire industry slid 0.87% down in the same period.

In production respect, China produced 529 million units in 2013, uprising 12.6% from 2012. However, market share of radial tires expanded less than 1% in 2013.

Well-known products grows fast

In 2013, some companies shut down inefficient capacities and increased high-quality rubber products’ production. For example, radial tire and electronic bicycle both realized over 10 percent growth, said Yali Deng, Chairman of China Rubber Industry Association.

With Chinese urbanization improved, well-known rubber shoes became more and more popular, and farming shoes were eliminating, Deng said.

Industrial profit uprising slightly

Deng Yali said, Chinese rubber industry’s sales profit posted 5.57% of increase in 2013, only 0.74 percentage point higher than in 2012.

About 11% of rubber companies are in red, and their deficit yearly rose by 41% in 2013.

Product price slide down

In December 2013, index price of all-steel heavy duty tire year-on-year slide down by 8.57 percentage to 91.50. And index price of sedan-used radial tire decreased 7.95 percentage to 91.73 at the same time.

Rubber export slightly rise

In 2013, rubber industry realized 0.84% of rise on export good value. Except that growth of pipe and chemical accessories export are better than of last year, other growth of rubber products are less better than of 2012.

While, tire export upraised 9.42%, 0.14 percentage point higher than growth in 2012.