On January 4, 2022, Dunlop issued a price increase notice, starting from February 2022 to increase the price of some Dunlop truck and bus tires by 2%-4%.
On January 1, 2022, Guizhou Forward Tire issued a notice that the plan to increase the price of all-steel TBR by 2%-5% on December 20, 2021 was postponed to January 1, 2022.
On January 5, 2022, Yokohama will increase consumer replacement tire prices and commercial truck tire prices on February 1, and the increase will apply to products sold in the United States. The relevant person in charge of Yokohama said that the decision to increase prices was "in response to the continuous increase in operating costs."
In addition to the latest price increase information released by the above two tire companies, there are many more domestic and foreign tire companies that will increase prices in 2022.
2022 domestic tire companies raise prices
1. Youdao Rubber will adjust product prices again from January 1, 2022, with an increase of 3%-5%.
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2. Since January 27, 2022, Giti Tire will increase the invoicing price of all brand products in the Chinese replacement market by 2%-3%.
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3. Since January 1, 2022, Linglong Tire will increase the price of all PCR products in the retail market by 2%-5%.
4. On January 1, 2022, the prices of all TBR brands and products will increase by 2%-5%.
5. Starting from January 1, 2022, Oles will increase the price of all-steel products by 2% on the basis of the current price.
6. From January 1, 2022, Zhengxin Rubber will increase the price of its TBR products by 3%-5%.
7. Xiamen Zhengxin issued a price increase notice, starting from January 1, 2022, the price of special tire products will be increased by 3%-6%.
8. Xiamen Zhengxin Rubber will increase tire prices by 5% for customers of car manufacturers in the first quarter of 2022.
9. Xintu Tire will increase the price of some all-steel products by 2% from January 10, 2022.
10. From January 1, 2022, Guizhou Tire will uniformly increase 6%-10% on the basis of the current implementation price.
11. Dalian Goodyear issued a notice of price increase for truck and bus tires: It is expected that the product prices will be raised from January 25, 2022, with an average increase of 5%.
12. Dunlop Tire issued a price increase notice: From January 2022, a 3%-5% price adjustment will be made to some passenger car tire products.
13. Shanghai Hankook Tire Sales Co., Ltd. issued a price adjustment notification letter. Starting from January 2022, Hankook Tire’s HAKOOK brand and LAUFENN brand PCLT/TBR products (passenger car and truck and bus tires) will increase their prices and plan to increase the price. The second increase in the quarter.
At the beginning of 2022, the replacement capacity of the terminal tire market is not high, but the company's price increase notifications have not stopped. Up to now, there are more than a dozen domestic tire companies that have raised prices, and the hotter price hikes are still in foreign markets.
2022 foreign market price increase information
1. Yokohama will increase its consumer replacement tires and commercial truck tire prices on February 1, 2022. The increase will apply to products sold in the United States.
2. Michelin North America announced that the price of replacement tires for passenger cars and light trucks of some Michelin, Benz, and Unilo has risen by as much as 12%, the price of motorcycle tires has risen by as much as 5%, and the price of road and off-road commercial tires has risen. Up to 16%. These price increases will take effect in the United States and Canada on January 1, 2022.
3. Hankook Tire Co., Ltd. announced that from February 1, 2022, it will increase the prices of Hankook Helu Oufeng passenger cars, light trucks and commercial tires. The company said that product prices may increase by 10%, and the products in each brand portfolio will be different.
4. Bridgestone Americas will increase the price of Bridgestone and Firestone brand commercial tires on February 1, 2022. The company stated that the prices of Bridgestone and Firestone truck and bus radial tires, off-road tires and agricultural products in the United States and Canada will increase by 14%.
5. Giti Tire America is increasing the prices of passenger car, light truck, truck and bus tires manufactured by Giti Tire. The company said that by January 2022, prices will increase by 10%.
6. Pirelli Tire North America will increase 10% in the United States on January 17, 2022.
7. Since February 1, 2022, the price of most passenger car tires and commercial tires in the United States will be up to 10% by Tongyiou America.
Whether at home or abroad, tire prices have been rising since the second half of 2021. The fundamental reason is that tire production costs continue to rise. The possibility that tire prices will continue to rise is not ruled out in the future.
Logistics outage time
Recently, a new round of cold wave has swept across the country. Rain and snow have increased, and transportation in many places has been affected. This has increased transportation costs at the end of the year. In addition to the needs of epidemic control and other work, some logistics companies have issued suspension schedules.
Situation 1: Logistics is out of service or out of stock!
Judging from the notice, some areas such as Tianjin stopped receiving transit goods at the earliest on January 10, and the entire line stopped receiving on January 15. Among them, Jiangsu and Zhejiang were closed on January 15 and normal on February 8. In addition, near the end of the year, the two new signals seem to be more severe and more violent than the "substantial price increase."
Situation 2: Stop production early
Recently, many manufacturers have issued notices clearly stating the order deadline and delivery date. It can be said that the year-end stocking period left to distributors is already very short.
Situation three: strict environmental inspections at the Winter Olympics
Some regions have received environmental protection control notices that heavy industry companies will be shut down from January 1, 2022 to March 3, which will have a great impact on the production of tire companies. The tire industry will not only increase prices and may be out of stock. Some insiders believe that it is more cost-effective to stock up quickly, stock up reasonably, and prepare early.
Stocking is urgent
Now is the end of the year. For the tire business next year, reasonable stocking is one of the key factors for success or failure. As time goes by, the risk of tire price rise is higher, and the freight costs such as logistics will increase in the next year, which will also increase resistance for tire dealers to purchase. Now this tire business reminds the majority of dealers to rationally arrange purchase funds and time, and make reasonable purchases to prepare for next year's business and strive for a higher level next year.
Disclaimer: The picture materials and articles on this platform are 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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