Chinese Tyre Production Reaches 283 million units

Data from Chinese National Bureau of Statistics reveals 2005 witnessed a sustainable and steady growth in the tyre industry. The data, quoted in a paper recently published by research and markets, reports that output reached 283 million units, up 18.7 per cent over 2004. Sales revenue totalled more than 80 billion yuan (£5.2 billion).

142 million units radial tyre units were produced, meaning over 50 per cent of annual production were radials. The output of full-steel radial tyres totalled 90 million units, increasing by 31 per cent year on year. Steel-belted radial tyres totalled 111 million units, growing 70 per cent over 2004.

Tyre export volume reached about 90 million units, up 31 per cent and export value achieved US$3.2 billion, with a year-on-year increase rate of 50 per cent. According to data from China Rubber Industry Association, the total output increased by 13.9 per cent between January and July 2006 compared to the same period in 2005.