GUANGZHOU HTD INTERNATIONAL , https://www.htdmask.com
In recent years, China’s steady economic policies have caused a large amount of hot money to flood into China. The problem of inflation has gradually emerged and the prices of raw materials for tire manufacturing continue to rise. In addition, in recent years, natural disasters in Southeast Asia have become more frequent, the shortage of natural rubber, and changes in China’s monetary policy have caused the cost of raw material purchases by Chinese tire manufacturers to increase. The increase in tire sales revenue in China in 2011 was mainly due to rubber price hikes that led to price increases for tires and higher proportions of high-grade tires.
At the end of 2011, there were 517 tire manufacturing industry enterprises in China, and the total assets of the industry reached 293.3 billion yuan, a year-on-year increase of 17.99%. According to the data from China Business Intelligence Network, in 2011, China's tire manufacturing industry enterprises above designated size achieved a total of 404 billion yuan in revenue from main operations, a year-on-year growth of 30.40 percent, and a total profit of 19.08 billion yuan, a year-on-year increase of 19.57 percent.
According to the data from China Business Intelligence Network, from January to December of 2011, the output of rubber tire tires nationwide reached 832 million, an increase of 8.55% year-on-year. Among them, the output of radial tires was 393 million, accounting for 47.25% of the total output. Judging from the output of all provinces and cities, from January to December 2011, the output of rubber tires in Shandong Province reached 300 million, an increase of 3.12% year-on-year, accounting for 36.60% of the country's total output. Followed by Jiangsu, Zhejiang and Anhui, they accounted for 12.94%, 11.63%, and 9.52% of the total output respectively.
During the "Twelfth Five-Year Plan" period, China's auto industry will develop at an annual growth rate of about 10%. The huge demand for automobiles in China has promoted the rapid growth of the tire industry. The vehicle output will determine the capacity of the automobile tire supporting market, while the vehicle ownership will determine the capacity of the automobile tire replacement market. With the increase in automobile output and inventory, the tire market for its matching and replacement will maintain a rapid growth trend.