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Analysis of China's tire industry demand, export situation and market structure in 2019.

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WARNING INFORMATION
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2019/12/25 10:33
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[Abstract]:

'Guanyan Tianxia' released the "2019 China Tyre Market Analysis Report-Industry In-depth Research and Development Prospect Evaluation" shows that since 2019, the impact of China's trade conflicts on restricting exports and the continued weakening of domestic downstream automobile demand have resulted in Cargo pressure has increased. At the same time, as domestic tire raw material prices are still in a relatively bottom area, domestic semi-steel and all-steel tire prices will continue to decline in 2019. According to forecast analysis, exports and demand are unlikely to improve significantly in the short term, and natural rubber prices continue to be low.

 

China's tire exports

 

Looking at the downstream tire market, China's auto sales will decline rapidly in 2019, and domestic demand will continue to weaken. According to statistics from China Association of Automobile Manufacturers, as of June 2019, China's cumulative sales of 12.323 million vehicles, a year-on-year decrease of 12%.

 

China's car sales

 

The main cost of tires is raw materials, which account for about 70% to 80%. Among them, rubber is the main material, and the cost accounts for the largest proportion. Natural rubber accounts for about 30% to 40% of raw material costs, and synthetic rubber accounts for about 20% to 30% of raw material costs.

 

General tire raw material structure

 

Natural rubber was affected by increasing su