In 2022, under the sustained economic downturn and the impact of the epidemic, domestic tire production, sales, and profits were severely impacted, mainly manifested in the relatively sluggish market for truck and bus tire original parts and the entire tire replacement market.
The Tire Branch of the China Rubber Industry Association has sorted out the overall situation of the tire industry last year and proposed suggestions and goals for the development of the tire industry this year. The article "2022 Tire Industry Production and Operation Situation and 2023 Outlook" in the "Depth" column of the fourth issue of China Rubber magazine in 2023 provides a detailed explanation of this.
The article states that looking forward to 2023, China's tire industry is not only full of difficulties and challenges, but also full of opportunities and hope. Based on the current situation of domestic economic development and expected economic growth, combined with relevant information from the China Association of Automobile Manufacturers and predictions for the future tire export market, experts in the tire industry predict that:
In 2023, the national tire production was approximately 687 million pieces, an increase of 3%. Among them, the production of radial tires is about 654 million, an increase of 3% (the production of full steel radial tires is about 133 million, an increase of 7.2%; the production of semi steel radial tires is about 521 million, an increase of 2%); The production of bias tires was 33 million, an increase of 3.1%. Tire sales revenue and profitability may be significantly improved, and industrial concentration ratio will also be further improved.
Disclaimer: The image materials and articles on this platform come from the internet, so the copyright belongs to the original author. If any infringement is caused to your copyright and interests, please contact us. We apologize deeply and promptly delete it. Article source: China Rubber Journal
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