CRI: Chinese Tyre Exports ‘Not Very Promising in 2009’

In April 2009 tyre yields in China increased 13.7 per cent, compared with the same period of last year, to 58.15 million units. According to new data released today by China Research and Intelligence (CRI), between January and April 2009 the tyre yields totalled 185.6 million units in China, up 0.2 per cent year-on-year. In light of the major difficulties facing automotive suppliers in general and tyre manufacturers the past year, flat growth is really quite positive. However according to CRI, “exports are not very promising” by comparison.

Between January and April 2009 China exported 81.31 million tyres, valued at US$2.01 billion (down 23.3 per cent and 21 per cent respectively compared with the same period in 2008). Exports in April amounted to 23.16 million tyres, down by 19.2 per cent and valued at $580 million (down 16.1 per cent).