China’s tyre exports appear to W-curve again in 2023

In November 2023, China exported 52.35 million tyres, a year-on-year increase of 28.7 per cent. During the same period, the value of tyre exports reached 12.9 billion yuan, an increase of 30.6 per cent.

Like the situation in 2022, China’s tyre export volume appeared to W-curve again in 2023. The previous numerical high point occurred in July when China’s tyre exports in a single month were 56.89 million. Subsequently, the number of tyre exports decreased month by month. From August to October, the number of tyre exports was 54.66 million, 51.5 million and 48.81 million. After experiencing a low point in October, China’s tyre exports showed an upward trend in November, reaching 52.35 million.

As of November, the cumulative data of China’s tyre exports maintained a double-digit growth trend. From January to November, the quantity and value of China’s tyre exports were 560 million units and 137.5 billion yuan, an increase of 11.4 per cent and 20.3 per cent, respectively.