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Shen Jinrong said that China is not only a tire-producing country, but also a major exporter, and occupies an important position in the international market. Driven by domestic demand, exports and investment, the tire industry in China will continue to grow rapidly in the next few years. From the perspective of domestic demand, the total length of expressways in China will reach more than 60,000 kilometers in 2010, an average annual increase of more than 4,000 kilometers; in 2007, the domestic automobile output will be 8.88 million, and in 2010 it will exceed 10 million, and the annual increase will exceed 100. 10,000 vehicles; In 2007, the number of China’s civilian vehicles was 56.97 million, and it will increase at the rate of several million vehicles per year. Therefore, both the original tires and the replacement tires have large room for growth. From the perspective of exports, in 2007, the exports of passenger car tires were 99.28 million, an increase of 37.5% year-on-year, and the exports of passenger car tires were 44.92 million, a year-on-year increase of 15.5%. Due to the large export base, Shen Jinrong expects that China's tire exports will reach more than 200 million in 2010. From the perspective of investment, as of the end of last year, there were 38 trucks with radial trucks and 33 trucks for light trucks and passenger car tires put into production. Some of these projects have not yet reached production. Once the market has demand, the operating rate of these projects will be improve. In addition, following the heavy investment in heavy-tire tires, in the last two years, the domestic engineering investment boom has started again, and the engineering tire production capacity has begun to expand rapidly.
Shen Jinrong stated that due to the structural adjustments made by the tire industry in recent years, the nationwide meridianization rate has reached 70%, and the eastern region has achieved an average of 84% of the mid-day load of tyres. If there is no new growth point (such as the northwest region), The growth rate of domestic demand will slow down. With regard to exports, with the increase in the competitiveness of China’s tires, foreign anti-dumping and intellectual property cases have begun to increase. The US tire recall system, the EU REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) Regulations and other exports Increased barriers to entry, combined with the impact of export-oriented subprime mortgage crisis in the United States, and other factors affect the decline in tire exports may decline; hydropower, raw materials and labor costs, national monetary policy tightened, the cost advantages of China's tire industry Is gradually disappearing; a large number of new projects and capacity expansion projects, so that the total domestic production capacity increased significantly, there may be a large excess capacity. Therefore, the growth rate of the domestic tire industry will be reduced.
The tire industry will slow down in the next three years
“China's tire industry will remain in a period of rapid growth in the next two to three years, but its growth rate may slow down.†Shen Jinrong, Chairman of China Rubber Industry Association Tire Branch, April 23, 2008, Tire Branch of China Rubber Industry Association Annual membership meeting and China Tire Industry Development Strategy Forum expressed.