Affected by the epidemic at the beginning of 2020, tire sales decreased, tire prices fell, and thousands of factories around the world were shut down. At first, tire people believed that 2020 would be the industry's "worst" year. However, with the effective prevention and control of the new crown virus in China, the domestic market took the lead in recovering.
Affected by the new crown virus epidemic, tire raw materials are running at low prices, overseas tire markets have once been in short supply, and various benefits have led to a rapid increase in the domestic tire market. Tire companies are also quickly getting dividends from the signs of industry improvement, and domestic tire companies are producing at full capacity.
From January to June 2021, the domestic output of rubber tires was 449.055 million, a year-on-year increase of 32.1%. Domestic tire companies have achieved the highest output in history, and the tire industry has ushered in a boom in production and sales. But comfortable days are always short. It is understood that after June of this year, tire sales have dropped significantly, and the domestic tire market has been extremely weak! Especially in the field of heavy truck tires, 2021 will be a big defeat.
The replacement market is the highlight of the domestic heavy-duty truck tire market. Coupled with the seemingly lively transportation industry, the impact of the epidemic has never disappeared. Tire Business has consulted a number of leading companies in the tire industry, and everyone generally reflects that the current tire market is weak, especially the all-steel tire market. After May 2021, all-steel sales will drop by 30%-40% over the same period. The severe decline in market sales has made it extremely difficult for tire companies to survive.
In an interview with CCTV Finance, a person in charge of a logistics company told reporters that since the beginning of this year, the freight yard has not been busy, and many cars have not even matched the right source of goods. Beginning in April and May, freight has entered the traditional off-season, and the source and volume of freight are decreasing. Wang Yongqiang, the person in charge of a logistics company in Dezhou, Shandong: Our supply of goods this year has dropped by 40% to 50% compared with last year. Vehicles are still not in normal operation, and the supply of goods is small and the freight is low.
The obstruction of freight and passenger transport has made this year's heavy truck replacement tire market difficult. The more difficult it is, the low-price competition among tire shops, the weak terminal market and the intensified competition, the domestic heavy-duty truck replacement market can be said to be one of the most difficult tire markets in the world.
In November 2021, public data shows that my country's heavy truck market is expected to sell 48,000 vehicles (invoicing caliber), a decrease of 10% from the previous month and a year-on-year decrease of 65%. Vehicles. November is also the seventh consecutive month of decline in the heavy truck industry since May this year.
In the first quarter of this year, my country's heavy-duty truck market experienced a wave of "carnival", and sales records were constantly refreshed. Car companies are also speeding up production, hoping to sell more cars before the implementation of the new national six regulations in July. However, since the second quarter, freight has entered the traditional off-season, and the sales volume of the heavy truck market has also continued to decline. It continued to the third quarter, and the degree of sales decline was even close to a cliff.
Cars can’t be sold, let alone tires. The sales of heavy trucks have fallen for 7 consecutive days, and the original space for all-steel tires has been squeezed.
Public reports show that in November, the freight index of the Thai-Vietnam route increased by 72.2% month-on-month. In the past week, the freight index of the Singapore-Malaysia route increased by 9.8% month-on-month. While the freight rates in Southeast Asia have skyrocketed, the freight rates in China and the US, which have just subsided, have recently rebounded slightly. On December 3, the Shanghai Export Container Freight Index, which reflects the spot freight rate, was 4,727.06, an increase of 125.09 from a week ago.
In recent years, the new crown epidemic has disrupted the global shipping chain. The congestion of terminals in many overseas countries has led to soaring global shipping rates. Many small and medium-sized foreign trade companies have complained.
Throughout the third quarter of 2021, August showed a year-on-year growth trend, and the number and value of tire exports in July and September fell to varying degrees.
Both the original equipment market and the replacement market for all-steel tires are not optimistic. At the same time, the export market may be affected by the epidemic or the eggplant, which seems to be frosty due to the skyrocketing freight, cannot stand up. The double-layer clamp at home and abroad has made the all-steel tire market difficult. The current expansion of tire companies, the volatile price of raw materials, and the weakness of the transportation industry are all spreading salt one after another on the seemingly calm all-steel market.
Public data shows that in 2021, under the drag of weak domestic and foreign market demand, the tire operating rate will show a trend of high and low. According to estimates, the annual output of all-steel tires has declined slightly, the operating load has fallen, and the average annual operating rate is less than 70%.
The domestic all-steel market is already facing tremendous pressure, and the tire people who are in it are complaining, and the second half of 2021 will be even more difficult. Although life is not like a zebra and a leopard, the competition in the tire market is also bloody, and you must fight to the death. The current domestic all-steel market is extremely weak, and if it continues, small and medium tire companies may lose their lives.
Disclaimer: The picture materials and articles on this platform come from the Internet, so the copyright belongs to the original author. If you infringe your copyright and interests, please contact us. We apologize and delete it quickly. Source of the article: Tire Business
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