China’s tyre exports are less affected by the Lunar New Year holiday

In the first two months of 2024, China’s tyre export data was surprisingly good. In the past few years, the arrival of the Lunar New Year holiday has occasionally caused a significant drop in exports in one month compared to the previous year. For example, in January 2023, the number of tyre exports fell by 15.2 per cent year-on-year. In February 2022, the number of tyre exports fell by 15.6 per cent.