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ETRMA members boost tyre volumes in Q3 2024, but imports the winner since 2019

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The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published its members’ replacement tyre sales figures for the third quarter and first nine months of 2024, comparing these results with statistics for tyre imports during the period. Adam McCarthy, the association’s Secretary General, notes that while member sales volumes for Consumer segment tyres are improving, mainly driven by rising demand for all-season tyres, volumes are still negative in the Truck segment. Significantly, both are still far from their pre-pandemic volumes.

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Related news:

  1. Final quarter doldrums for ETRMA member replacement tyre sales
  2. ETRMA data confirms steep drop in replacement tyre sales
  3. ETRMA reports weaker tyre sales in 2019
  4. ‘Drastic decline’ – ETRMA releases members’ Q1 2020 sales figures
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South Africa launches investigation into tyres from Cambodia, Thailand and Vietnam

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Since September, the International Trade Administration Commission of South Africa (ITAC) has launched an investigation into the circumvention of anti-dumping investigations by redirecting tyres from China to Cambodia, Thailand and Vietnam.

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Related news:

  1. CITExpo 2018: still room for small-medium Chinese players, though times are tough
  2. China's Rubber Imports Jump 25% in July
  3. Apollo signs lease on Laos rubber plantation
  4. Chinese tyre makers off-shoring in Southeast Asia
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New name for Australia’s National Tyre & Wheel

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Australian headquartered tyre and wheel importer, distributor and retailer National Tyre & Wheel Limited has a new name. From 9 April 2024, the company call itself NTAW Holdings Limited. Shareholders passed a resolution to rename the company during an extraordinary general meeting on 26 March 2024.

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Related news:

  1. Goodyear’s rationalisation plan – will Beaurepaires disappear from Australia?
  2. Australia’s National Tyre & Wheel grows through Tyres 4U acquisition
  3. NTAW revises leadership team
  4. New Dunlop distributor for Australia & New Zealand
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5X strategic plan: Jiangsu General’s rise

In early September 2023, Jiangsu General appeared at The 18th China International Tire Expo (CITExpo 2023) at the Shanghai World Expo Exhibition & Convention Centre. At the exhibition site, the staff of the tyre manufacturer told Tyrepress China that most of the customers they received this time were from Europe, the Middle East, Southeast Asia, Russia and South America.

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Related news:

  1. China’s GS Tire raises Cambodia investment to $300 million
  2. Jiangsu General raises funds for Cambodia factory
  3. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  4. CITExpo 2023: Recovery and transformation of China’s tyre industry
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CITExpo 2023: Recovery and transformation of China’s tyre industry

In early September, the 18th China International Tire Expo (CITExpo 2023) was held in Shanghai. After three years of waiting, this year’s show attracted many dealers from overseas. An exhibitor from Jiangsu General told Tyrepress China: “The results of this year’s China International Tire Expo are quite good. We made appointments with 60 customers before the exhibition. Basically, all of them came. At the same time, we also met many new customers at the exhibition today.” At the popular CITExpo 2023, Tyrepress China noticed that China’s tyre industry is showing two new trends: recovery and transformation.

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Related news:

  1. Sailun rising: China’s listed tyre companies ranked in 2022 Q3
  2. From Guangrao to the World: what’s new at the Guangrao tyre exhibition
  3. The 18th CITExpo officially opens in Shanghai
  4. 5X strategic plan: Jiangsu General’s rise
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Import glut ripples across European truck tyre market

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The ups and downs of European retreading continued last year. According to current figures from the European Tire & Rubber Manufacturers’ Association (ETRMA), the association members retreaded and marketed a total of 4.298 million truck tyres in Europe (excluding Turkey) in 2022. This corresponds to a decline of at least 6.2 per cent compared to the previous year, but is still 4.9 per cent above the figures for the previous year. However, since the new tyre business of the ETRMA members was largely stable (down 0.5 per cent), the importance of retreaded truck tyres fell again significantly compared to the new tyre market and was only 37.2 per cent at the end of last year. The association’s figures also show something else very clearly: the EU tariff effect, which had reduced imports of truck tyres (by non-ETRMA members) for a number of years, has now completely fizzled out.

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Related news:

  1. Truck tyre tariffs to end Chinese import tsunami
  2. Bucking the trend: how UK retreaders like Bandvulc are navigating market storms
  3. Tariff time again, but will they make a difference?
  4. Vaculug former directors sue new owner
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Toyo hosts event to mark Serbian plant’s first tyres shipped to Europe

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Toyo

Toyo’s European operation held an opening event at its Serbian factory on 5 June. The company was celebrating the start of deliveries to Europe of tyres manufactured at the plant; it had already been producing tyres for the North American market in Serbia as the plant went through the process of obtaining the correct certifications for Europe. With these procedures completed, the plant is now producing two patterns for Europe: the best-selling Proxes Comfort and the increasingly popular all-season tyre, Celsius AS2. These two products alone represent around 30 per cent of all of its tyres sold in Europe.

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Related news:

  1. Toyo debuts Proxes Sport 2 at Autopromotec 2022
  2. First Toyo Serbia tyres arrive in the UK
  3. Toyo Proxes R39 original equipment on new Mazda 2
  4. EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market
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First Toyo Serbia tyres arrive in the UK

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Five months after the opening its new tyre factory in the Municipality of Indjija, Toyo first Serbia-made tyres have arrived in the UK.  Aboard this historic shipment are the Proxes Comfort, the passenger and eco car-targeted offering from the Proxes range.

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Related news:

  1. EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market
  2. Toyo investing 390 million euros in Serbia tyre factory
  3. Serbia to become PCLT tyre production hub
  4. Toyo given free land as part of 364 million euro Serbia tyre factory investment
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European imports of OTR tyres continue rapid growth trend – Astutus Research

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Zeppelin Systems

The United Kingdom and European Union is importing an increasing tonnage of Off-The-Road (OTR) tyres, as the sector responds to internal and external trends. Externally, sinking shipping costs and relatively controlled production costs are particularly favouring Asian manufacturers. And with Russia’s war on Ukraine making the country a pariah in European trading terms, there are additional reasons to source increasing numbers of OTR tyres from South Asia. Trading relations with Russia’s closest supporter Belarus are also frosting, which could see further gains for Asian factories, while emerging tyre producing nations like Serbia could also reap the benefits. While the size, weight and per unit cost of the largest tyres could present arguments in favour of more localised production, lower manufacturing and materials costs weigh even more heavily in this balance of factors.

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Related news:

  1. Decennial shift in global PCLT tyre volume market share
  2. EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market
  3. European car tyre imports rise despite apparent risks of offshoring production
  4. Elgitread: Preparing for Market Breakthrough
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Sailun rising: China’s listed tyre companies ranked in 2022 Q3

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Sailun

Based on stock market reporting for the third quarter of 2022, the top nine Chinese listed tyre companies ranked by revenue are Sailun, Linglong, Triangle, Huayi (the holding company of Double Coin), Guizhou Tyre, Sentury, Aeolus, Jiangsu General, and Doublestar. (The leading Chinese tyre company according to Tyrepress global rankings is ZC Rubber (Hangzhou Zhongce), but it is not listed.) The figures show that Sailun has completed a meteoric rise this year to become the Chinese tyre industry’s stock market leader, with an income of more than 6 billion yuan in the quarter, putting it within reach of the global top 10 tyre manufacturers.

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Related news:

  1. The top 10 listed Chinese tyre companies 2022
  2. Chinese listed tyre companies release third-quarter results
  3. Show review: Reifen China 2014
  4. Chinese tyre makers off-shoring in Southeast Asia
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EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market

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Astutus Research

Since March, cumulative passenger car and light truck tyre imports to the European Union and UK have, for the first time, recovered to run above pre-pandemic levels. This is despite the well-documented impact of sharply higher ocean freight costs in this period, and disruption to production in some source countries. A newly published report by Astutus Research, “European PCLT Tire Demand and Supply Forecasts to 2026”, shows that in the first seven months of 2022, European (the EU-27 plus UK)* imports from outside the region were 11% higher than the same period last year and 5% higher than the equivalent pre-Covid period in 2019.

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Related news:

  1. Ukraine war’s impact on global tyre-makers acute for Nokian, manageable for others
  2. Chinese tyre import share rises above 50% in declining European market
  3. Serbia to become PCLT tyre production hub
  4. Tyre manufacturers to lose $2bn in OE revenues due to semi-conductor shortage
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South Africa considering import duties for Chinese tyres

South Africa’s International Trade Administration Commission (ITAC) announced in January that it would look at allegations of dumping levelled against importers of tyres from China. This investigation is still ongoing, but opponents warn that if authorities decide to apply duties to these products, the cost of tyres could increase by up to 41 per cent, with price rises for transportation and essential products a knock-on effect.

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Related news:

  1. South African tyre association seeks anti-dumping protection
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. USA retains duties on PLT tyres
  4. Chinese truck/bus tyres: EU introducing anti-dumping duties tomorrow
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Shipping woes to continue well into 2022

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Pexels

Extraordinary market conditions in sea freight are now expected to persist well into 2022, according to analysts. Meanwhile, long-haul air freight belly capacity is only expected to gradually return between 2022 and 2024. Of course, freight forwarders/shipping firms are the biggest winners in this scenario, with the same analysis produced by Jefferies further raising pre-tax profit (EBIT) estimates by 18 per cent on average in the sector for the 2021 full year and by 14 per cent in 2022.

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Related news:

  1. Coronavirus creates shipping problems for tyre importers
  2. Tyre importers should plan for lack of space on ships and freight increases
  3. Tariff time again, but will they make a difference?
  4. TBC Corporation acquires Interstate brand marketing rights
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Chinese government power rationing halves tyre production of some local tyremakers

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Pixabay

As if the Covid-related troubles combined with complex shipping challenges and rising raw material costs weren’t enough, Chinese government policy is now adding to the pressure on tyre manufacturers making tyres for export from the People’s Republic. Specifically, the Chinese central government environmental policy has led to power rationing across the country since mid-September, which has had a marked impact on manufacturing business including the tyre industry. Indeed, more than 20 tyre manufacturers have experienced power-rationing-related temporary shutdowns and/or have implemented price increases because of these product headwinds. And these are having a marked impact on tyre production.

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Related news:

  1. Re-globalisation of the international tyre market?
  2. Tariff time again, but will they make a difference?
  3. CITExpo 2017 opens in Shanghai
  4. Michelin accused of Indonesia natural rubber deforestation “cover-up”
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Grupo Andrés begins construction of robotised tyre warehouse and headquarters

Grupo Andres

At the start of 2021 Grupo Andrés, started work on the construction its new headquarters. According to the company the new facilities will result in “a significant improvement in distribution” due to the “robotization of the logistics process and a notable streamlining of work and the flow of orders”.

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Related news:

  1. Michelin invests in Iberian tyre distribution
  2. Conti erecting new warehouse near Aachen plant
  3. New Membat website
  4. San Jose Logistica opens new distribution centre
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