NTDA: Increased Costs Cause Chinese Tyre Price Increases
Significantly higher transportation costs for tyres from China will increase the cost of brands from this market by up to 5 per cent over the coming months, according to the NTDA. Commenting on recent increases in container rates from the Far East NTDA Director Richard Edy said: “Container rates have increased by up to $300 in recent weeks and the Chinese Governments decision to reduce export subsidies by 8 per cent in July will put added pressure on transportation costs which could have a marked effect on the price of Brands from China.