Tyre News in Numbers – March 2024
Tyres & Accessories’ monthly ‘Tyres News in Numbers’ column boils down the latest tyre industry news to the most important statistics of the month. Below, we look at the big numbers from the March 2024 magazine.
1.2 million tonnes
The approximate tonnage of waste tyres imported annually by India, extrapolated from Indian Automotive Tyre Manufacturers’ Association (ATMA) figures covering the eight-month period April-November 2023, for which the UK is a primary source. Around 90 per cent of this total undergoes batch-pyrolysis, a method the UK’s Tyre Recovery Association considers “outdated” and “highly polluting”
150,000 tonnes
The minimum amount of domestic tyre recycling capacity lying idle in the UK, enough to process at least half of all the country’s waste tyre exports, further exposing the country’s feeble response to this exploitative, wasteful practice
£13 million
Shortfall in underlying profit before tax announced by Halfords Group plc in a surprise profit warning, in part due to a fall in volumes in the consumer tyres market of 4.3 per cent in January
34%
Proportion of women aged 18-24 interviewed in a recent study by Venson who would consider a job in the automotive sector – a figure significantly higher than that for older age-groups, 25-34 (27 per cent) and 35-44 (23 per cent)#
19%
Roles in the UK automotive supply chain filled by female workers
4,500
Current forecast for the potential shortfall in technicians qualified to work on EVs by 2029, according to the IMI
10 years
Lease on the Avon Motorsport and Avon Racing motorsport tyre brand names acquired from Goodyear by startup Nova Motorsport
10%
Average weight reduction of Vredestein’s Ultrac Pro UUHP summer tyre versus the Vredestein Ultrac Vorti+ across the full range
23
Independent winter tyre tests won by the outgoing Bridgestone Blizzak LM005 winter tyre – the tyre is being succeeded by the Blizzak 6 Enliten, a tyre that features 25 per cent renewable materials and 32 per cent longer tread life
24
The number of grands prix due to take place in the 2024 Formula 1 season, with P Zero and Cinturato tyres supplied exclusively by Pirelli
25 million
Number of tyres sold in 2023 by Prinx Chengshan, growing quickly from 18.5 million units in 2022
790 million yuan
Guizhou Tyre’s net profit expectation for 2023, representing an increase of between 84.24 and 98.23 per cent over the preceding period
1079%
The minimum year-on-year increase in profit expected by Jiangsu General, having boosted production and sales production with factories in Thailand and Cambodia
5th or 6th largest
Place that could soon be occupied by Linglong in terms of Serbia’s largest exporters, according to President Aleksandar Vučić
80%
Xingda Steel Cord’s planned expansion in output over the next seven years, which would raise production to 2.33 million tons by 2030
Comments