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The rapaid growth of Chinese economy drives the auto industry to develop dramatically, which also boosts the prosperity of tyre industry. Data from National Bureau of Statistics reveal that the year of 2005 witnessed a sustainable and steady growth in tyre industry: the output reached 283 million units, up 18.7% over 2004; sales revenue also achieved more than RMB 80 billion, the output of radial tyre was 142 million units, that means over 50% tyre produced for the whole year were radial tyres, the output of full-steel radial tyre was 90 million units, increasing by 31% year on year; the output of steel-belted radial tyre was 111 million units, growing 70% over the year of 2004; tyre exports volume reached about 90 million units, up 31% over 2004 and export value achieved 3.2 billion US dollars, with a yr-on-yr increase rate of 50%.
Tyre Output in China, 1998-2005
In the first half of 2006, raw material price was raised though, tyre output continued to be increased dramatically. According to data from China Rubber Industry Association, the total output increasing13.9% during Jan-Jul 2006 compared to the same period in 2005.
The growing tyre output stimulated the strong demand for raw material, for instance, in the first half of 2006, demand for carbon black increased by 13.9% compared to the 1st half 2005; rubber consumption reached 1.119 million tons, up by 20.23%. In particular, China imported even a larger number of raw rubbers, of which compound rubber and synthetic rubber quite outnumbered the natural rubber. In the 1st half 2006, China imported 720,000 tons of natural rubber, increasing by 13.2% compared to the 1st half 2005, the total import value was 1.27 billion US dollars, up by 68.2%, the average import price rose 48.6% to 1,764 US dollars per ton; Moreover, in the 1st half 2006, china imported 192,000 tons compound rubber and 672,000 tons synthetic rubber, up by 65.2% and 29% respectively compared to the 1st half 2005. By 2010, the length of highway will reach 55,000 km, the annual output of cars will achieve 10 million and the vehicle ownership will increase to 62 million. According to the government's development plan for road, automotive and transportation, the demand for tyre is expected to reach 300 million including 210 million radial tyres.
Radical tyre is now enjoying a boom, both the domestic and foreign-funded manufacturers are expanding the production and add more investments, and this situation is expected to last for a few years. As a result, related industries such as rubber machinery, rubber additives and reinforcing materials also have a great development potential.
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The rapaid growth of Chinese economy drives the auto industry to develop dramatically, which also boosts the prosperity of tyre industry. Data from National Bureau of Statistics reveal that the year of 2005 witnessed a sustainable and steady growth in tyre industry: the output reached 283 million units, up 18.7% over 2004; sales revenue also achieved more than RMB 80 billion, the output of radial tyre was 142 million units, that means over 50% tyre produced for the whole year were radial tyres, the output of full-steel radial tyre was 90 million units, increasing by 31% year on year; the output of steel-belted radial tyre was 111 million units, growing 70% over the year of 2004; tyre exports volume reached about 90 million units, up 31% over 2004 and export value achieved 3.2 billion US dollars, with a yr-on-yr increase rate of 50%.
Tyre Output in China, 1998-2005
In the first half of 2006, raw material price was raised though, tyre output continued to be increased dramatically. According to data from China Rubber Industry Association, the total output increasing13.9% during Jan-Jul 2006 compared to the same period in 2005.
The growing tyre output stimulated the strong demand for raw material, for instance, in the first half of 2006, demand for carbon black increased by 13.9% compared to the 1st half 2005; rubber consumption reached 1.119 million tons, up by 20.23%. In particular, China imported even a larger number of raw rubbers, of which compound rubber and synthetic rubber quite outnumbered the natural rubber. In the 1st half 2006, China imported 720,000 tons of natural rubber, increasing by 13.2% compared to the 1st half 2005, the total import value was 1.27 billion US dollars, up by 68.2%, the average import price rose 48.6% to 1,764 US dollars per ton; Moreover, in the 1st half 2006, china imported 192,000 tons compound rubber and 672,000 tons synthetic rubber, up by 65.2% and 29% respectively compared to the 1st half 2005. By 2010, the length of highway will reach 55,000 km, the annual output of cars will achieve 10 million and the vehicle ownership will increase to 62 million. According to the government's development plan for road, automotive and transportation, the demand for tyre is expected to reach 300 million including 210 million radial tyres.
Radical tyre is now enjoying a boom, both the domestic and foreign-funded manufacturers are expanding the production and add more investments, and this situation is expected to last for a few years. As a result, related industries such as rubber machinery, rubber additives and reinforcing materials also have a great development potential.
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2005-2006 www.researchinchina.com All Rights Reserved |
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1 Overview of industrial development 1.1 Economic environment 1.1.1 International economic development 1.1.2 Domestic economic development 1.1.3 Influences of RMB appreciation on tyre industry 1.2 Policies analysis 1.2.1 Policies on Tyre Industry 1.2.2 Anti-dumping activities 1.2.3 Standard of tyre industry 1.2.4 Tax 1.2.5 The 11th Five-year Plan related to tyre industry 1.3 Nature of China tyre industry2 Tyre Industry chain 2.1 Rubber industry 2.1.1 Supply & demand 2.1.2 Prices 2.2 Rubber additives industry 2.2.1 Supply & demand 2.2.2 Prices 2.3 Carbon Black 2.3.1 Supply & demand 2.3.2 Prices 2.4 Shade cloth and cord 2.4.1 Supply & demand 2.4.2 Prices 2.5 Automobile industry 2.5.1 Supply & demand 2.5.2 Prices 3. Operation analysis 3.1 General situation of China tyre industry in H1 2006 3.1.1 Output, production value and growth 3.1.2 Total sales revenue and growth 3.1.3 Profit and cost 3.1.4 Scale and capital 3.1.5 Manufacture distribution 3.2 Output of China tyre industry, 2006 3.2.1 Monthly output, Jan-Aug 2006 3.2.2 Output trend 3.3 Development status quo of China tyre industry 3.3.1 Drivers for the changes of China tyre industry 3.3.2 Huge market 3.3.3 Merger & acquisition 3.3.4 Development trend 3.3.5 Political trend 3.4 Problems and suggestions 3.4.1 Raw material, the major obstacle for the development 3.4.2 Current problems 3.4.3 The monitoring standard is quite outdated 3.4.4 Technology difficulties 3.4.5 Fierce competition in bias tyre leads to overproduction 3.4.6 Unreasonable structure results in average small-scale production 4. Competition analysis 4.1 Competitiveness in tyre industry 4.1.1 Technology 4.1.2 Cost 4.1.3 Quality 4.1.4 Specification and category 4.1.5 Scale 4.1.6 Brand 4.2 Competition status 4.2.1 Competition in bias tyre market 4.2.2 Competition in radial tyre market 4.2.3 Scientific innovation and advanced technologies 5. Sub-products analysis 5.1 Heavy-duty truck radial tyre 5.1.1 Demand 5.1.2 Supply 5.1.3 Technology 5.1.4 Development trend 5.2 Light-duty truck radial tyre 5.2.1 Demand 5.2.2 Supply 5.2.3 Technology 5.2.4 Developing trend 5.3 Passenger car radial tyre 5.3.1 Demand 5.3.2 Supply 5.3.3 Technology 5.3.4 Development trend 5.4 Heavy-duty truck bias tyre 5.4.1 Demand 5.4.2 Supply 5.4.3 Technology 5.4.4 Developing trend 5.5 Light-heavy truck bias tyre 5.5.1 Demand 5.5.2 Supply 5.5.3 Technology 5.5.4 Developing trend 5.6 Engineering tyre 5.6.1 Current ownership of wheeled construction machinery 5.6.2 Economic results of engineering tyre 5.6.3 Forecast of engineering tyre market in 2007 6. Industry demand analysis 6.1 Passenger car industry 6.1.1 Forecast of passenger car industry in 2007 6.1.2 Demand forecast for tyre 6.2 Forecast of light-duty truck industry 6.2.1 Forecast of light-duty truck industry in 2007 6.2.2 Demand forecast for tyre 6.3 Forecast of heavy-duty truck industry 6.3.1 Forecast of heavy-duty truck industry in 2007 6.3.2 Demand forecast for tyre 6.4 Forecast of construction machinery industry 6.4.1 Forecast of construction machinery industry in 2007 6.4.2 Demand for tyre 7. Manufacturer analysis 7.1 Michelin 7.1.1 Company profile 7.1.2 Operation analysis 7.1.3 Products analysis 7.1.4 Investment strategies in China 7.2 Pirelli 7.3 Goodyear 7.4 Bridgestone 7.5 Qingdao Yellowsee Rubber Co., Ltd 7.6 Shanghai Tyre & Rubber Co., Ltd 7.7 Guizhou Tyre Co., Ltd 7.8 Aeolus Tyre Co., Ltd 8. Import and export analysis 8.1 Import 8.1.1 Total import volume 8.1.2 Import regions 8.1.3 Import products 8.2 Export 8.2.1 Total export volume 8.2.2 Export regions 8.2.3 Export structure 8.3 Development trend 8.3.1 Forecast of import and export regions 8.3.2 Suggestions on export strategies 8.3.3 Import replacement strategy 9 Development forecast 9.1 Factors driving tyre industry 9.1.1Policies (fuel tax and excise) 9.1.2 Raw material 9.1.3 Downstream industries 9.1.4 Technology 9.2 Prospect of tyre industry, 2007-2008 9.2.1 Development environment 9.2.2 Prospect of market pattern and economic results 10. Suggestions on investment 10.1 Maturity analysis of China tyre industry 10.1.1 Periodicity 10.1.2 Concentration degree 10.1.3 Prospect 10.2 Investment opportunities 10.2.1 Segmented products and specification 10.2.2 Demand for engineering tyre meets short supply 10.2.3 Growing mini-car market means great opportunities 10.2.4 Environment friendly tyre 10.2.5 Smart tyre 10.2.6 Market opportunities for retreated tyre 10.3 Investment risks 10.3.1 Competition 10.3.2 Market risk 10.3.3 Technology difficulties 10.4 Strategies and suggestions 10.4.1 Tyre industry requires great changes in overall investment strategies 10.4.2 Be cautious when making a decision on investment direction and scale
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2005-2006 www.researchinchina.com All Rights Reserved |
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Output and sales of cars in China, 2002-2005 Products, output and enterprises distribution of China rubber machinery industry Newly-added production capacity of major tyre makers in the first half of 2006 Total tyre import volume in China, 2002-2005 Total tyre export volume in China, 2002-2005 Main financial index of China tyre industry Output & sales and import volume of natural rubber in China, 2001-2006H1 Output and sales of synthetic rubber in China, Jan-Apr 2006 Demand of steel cord in 2005 Output of Rubber Antioxidant in China Output of rubber accelerator in China Ranking of domestic tyre makers by sales in the year of 2005 Output rank of radial tyre, 2005 Tyre output in Shandong province Ranking of domestic tyre makers by sales revenue in the first half of 2005 Production-expanding of key enterprises in Shandong province Tyre output in Zhejiang province Production-expanding of key enterprises in Zhejiang province Supply & demand of synthetic rubber in China, 1998-2005 Car output of China, 2004-2010 Tyre output of China, 1998-2005 Output of bias tyre in China, 1996-2005 Profit-making ability of Qingdao Yellowsea Growth index of Qingdao Yellowsea Main financial index of Shanghai Tyre and Rubber
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