China tire industry production and sales will hit a new high in 2023, with exports surging （tire )
In 2023, China tire industry has ushered in a significant recovery momentum. From Qingzhou, Shandong to Qingdao, tire manufacturing companies have experienced huge order growth, whether in the domestic market or international trade, and have even experienced supply shortages.
At a tire manufacturing company in Qingzhou, Shandong Province, reporters witnessed a busy production workshop.According to the person in charge of the company, the company's annual production capacity is approximately 17.5 million tires, and it has been operating at almost full capacity since 2023.Foreign Trade Director Wang Dong introduced the production growth in detail: the annual output of semi-steel tires in 2022 will be approximately 9 million, while the total output will climb to 11.8 million in 2023; the annual output of all-steel tires has also achieved an increase of approximately 15%. .Whether it is semi-steel tires for passenger cars or all-steel tires for trucks and construction machinery vehicles, there has been a significant increase in production, but this is still unable to meet the surge in order demand.
Domestic data shows that in 2023, China's cumulative output of all-steel tires will reach 139 million, a year-on-year increase of 14%; the cumulative output of semi-steel tires will reach 591 million, a significant increase of 22% year-on-year.Orders from many tire manufacturers have been scheduled for two months, and product inventories have dropped to the lowest level.
In overseas markets, the hot sales of Chinese tires have attracted even more attention.At a tire trading company in Qingdao, Shandong Province, business manager Yan Hui is busy processing orders from customers in the Middle East.She said demand from overseas customers was so strong that they were overwhelmed.According to the person in charge of the company, tire export volume will reach approximately 1.3 million units in 2023, a year-on-year increase of more than 30%.The export demand for semi-steel tires has grown most significantly, and they currently have to wait in line to place orders from factories.
The recovery of the tire industry not only benefits from record high domestic automobile production and sales, but also benefits from a substantial increase in exports.It is reported that China's automobile production and sales will exceed 30 million units in 2023, setting a record high, which has largely driven the growth in demand in the tire market.In addition, against the background of the recovery of demand for supporting and replacement tires in the global tire market, combined with the cost-effective advantage of Chinese tires in the high inflation environment of the European and American markets, tire exports have increased significantly.Data shows that China's export sales of semi-steel tires in 2023 will be approximately 287 million units, a year-on-year increase of 20%.
Faced with such market momentum, Chinese tire companies are accelerating the pace of building overseas factories to better meet the needs of the international market.This not only marks the strong recovery of China's tire industry, but also indicates that China's position in the global tire market will be further consolidated.
To sum up, the rapid growth of China's tire industry in 2023 is not only the result of the surge in domestic and foreign market demand, but also a reflection of the increasing competitiveness of China's manufacturing industry in the global market.As Chinese tire companies continue to expand overseas markets, the industry is expected to continue to maintain growth momentum in the next few years, providing strong support for the development of the global automotive industry.
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