China Tyre Market Analysis

An Expert's View about Rubber Products in China

Last updated: 24 Sep 2011

China Tyre Market Analysis

China tyre market size exceeded RMB 150 billion in 2009, a growth of more than 15% on a year-on-year basis, according to Zeefer Consulting's latest research report - China Tyre Market Report.

In terms of market position of foreign enterprises in China, in 2009, there were more than 100 foreign enterprises above designated size engaged in the tyre industry, accounting for more than 15% of all tyre enterprises above designated size across China. All foreign tyre enterprises achieved a profit of more than RMB 7 billion in all, accounting for more than 50% of the total profit in this industry. Foreign tyre enterprises achieved a profit margin of more than 7%, higher than the industry average, and they achieved a ratio of return on assets of more than 7%, almost same with the industry average.

In terms of industry profit, in 2009, enterprises above designated size in tyre industry across China achieved a profit of more than RMB 10 billion in all, a growth of more than 100% on a year-on-year basis. On average, enterprises achieved a profit margin of more than 6%. In 2009, more than 65 enterprises in this industry suffered a loss.

In terms of tyre import and export, in 2010, the value of imported tyre products in China was more than USD 600 million, Shanghai, Liaoning and Guangdong ranked top 3 domestic destinations in imports, and the value of imports in these three regions added up to USD 412.6 million, accounting for more than 60% of the gross imports across China. In 2010, the gross export of tyre products exceeded USD 10 billion,  and USA, United Arab Emirates and United Kingdom ranked top 3 as export destinations. Exports to these destinations added up to USD 3.4 billion, accounting for more than 30% of the gross export. Shandong, Jiangsu and Zhejiang ranked top 3 as domestic origins, exports from these origins added up to USD 7.2 billion, accounting for more than 60% of the gross export across China.

Full content of China Tyre Market Analysis:
http://www.allchinareports.com/china-rubber-plastics-industry/tyre-industry-analysis/china-tyre-market-analysis.html

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The analyses above are extracted from the research report: China Tyre Market Report

 


Posted: 23 September 2011, last updated 24 September 2011

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