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Automotive tires are one of the important parts of a car. As the global auto industry recovers and the new energy vehicle market grows rapidly, the demand for tires also continues to expand. China is one of the world's major tire producers and exporters, exporting a large number of automotive tires every year.
In 2021, China exported 240 million passenger car tires (referring to new pneumatic rubber tire covers), up 17.47% year-on-year, with an export value of US$6.124 billion, up 25.83% year-on-year. According to CRI analysis, from January to October 2022, China exported 210 million passenger car tires, up 5.88% year-on-year, with an export value of US$5.667 billion, up 12.73% year-on-year.
From 2018 to 2021, the average export price of China's passenger car tires was generally stable, except for 2020, when it dropped to US$23.83 per tire due to objective factors, and the average export price for the rest of the year was about US$25 per tire. From January to October of 2022, the average export price of China's passenger car tires was US$27.04 per tire, up 6.47% year-on-year.
In total, China exported passenger car tires to more than two hundred countries and regions worldwide in 2021. Among them, CRI analysis, by export volume, the United Kingdom, Mexico, Brazil, Japan, the Netherlands, Saudi Arabia, Germany, France, Australia and Canada are the top ten countries in China's passenger car tire exports. According to CRI's analysis, according to the export volume, the UK is the largest export destination of Chinese passenger car tires. In 2021, China exported 17,834,700 passenger car tires to the UK, accounting for 7.43% of the total export volume of passenger car tires in that year, with an export value of US$435 million, accounting for 7.1% of the total export value.
China is the world's largest producer and exporter of tires. With the development of the global new energy vehicle industry, as well as the increase in global vehicle ownership, the global tire market continues to expand. CRI expects China's passenger car tire exports to continue to grow from 2023-2032.
Topics covered:
- China's Passenger Car Tires Export Status and Major Sources in 2018-2022
- What is the Impact of COVID-19 on China's Passenger Car Tires Export?
- Which Companies are the Major Players in China's Passenger Car Tires Export Market and What are their Competitive Benchmarks?
- Key Drivers and Market Opportunities in China's Passenger Car Tires Export
- What are the Key Drivers, Challenges, and Opportunities for China's Passenger Car Tires Export during 2023-2032?
- What is the Expected Revenue of China's Passenger Car Tires Export during 2023-2032?
- What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
- What are the Competitive Advantages of the Major Players in China's Passenger Car Tires Export Market?
- Which Segment of China's Passenger Car Tires Export is Expected to Dominate the Market in 2032?
- What are the Major Adverse Factors Facing China's Passenger Car Tires Export?