Shandong Tire Exports Maintain Double Growth Trend

On October 23, the customs department released the latest tire export data.

In the first three quarters of this year, shandong port tire export quantity and price, maintain a double growth trend.

According to Qingdao customs statistics, 1-9, shandong port exports 180 million new inflatable rubber tires, an increase of 4%;China’s exports totaled 43.98 billion yuan, up 4.8 percent year-on-year.The average export price was 244.4 yuan per strip, up 0.8 percent.

Shandong Tire Exports Maintain Double Growth Trend

The following is a few characteristics of shandong tire export data.


The price of tires keeps rising

In the first three quarters, shandong port tire export volume is generally stable.

In addition to February, affected by the Spring Festival, the export volume fell to the lowest point of the year, and then the fluctuation increased. The export volume in July was the highest value of the year. In September, the export quantity of 21,242,000 tires was the same as that in August, with a year-on-year increase of 24.4%.

In the first half of the year, the average price of tire export fluctuated violently. In may, it dropped to 227.7 yuan per tire, the lowest value of the year. In June, it began to rebound strongly.

In September, the export price of tires maintained a high trend, and the average export price was 257.1 yuan per tire, reaching the highest value since January 2015, with a year-on-year increase of 3.2% and a month-on-month increase of 1.7%.

State-owned enterprises export more

In the first three quarters of this year, shandong ports exported 120 million tires through processing trade, a year-on-year decrease of 14.3%, accounting for 64.9% of the total tire exports at shandong ports in the same period.Exports by general trade totaled 6.0983 million items, up 71.8% or 33.9%.

In the same period, private enterprises exported 130 million tires from shandong ports, an increase of 3.9%, accounting for 73.3%.Foreign-invested enterprises exported 30.325 million pieces, down 0.7% or 16.9%.State-owned enterprises exported 17.667 million items, an increase of 14.2 percent.

Six big markets account for more than half

From January to September, 44,704 tires were exported from shandong ports to the eu, an increase of 8.7%.Exports to the United States totaled 14.901 items, down 2.9 percent.Exports to asean totaled 96,390  items, up 24.1%.Exports to Mexico totaled 8,099,000, up 16 percent.Exports to Nigeria totaled 80,530 pieces, down 14.2%.Exports to Brazil totaled 71,410 pieces, down 22.3 percent.

The number of tires exported to the above six markets accounts for 51.4% of the total export volume.

Among them, the eu to pull the shandong port tire export volume increase contribution rate, as high as 51.8%.

In addition, in the first three quarters of this year, the export volume of tires from shandong ports to Algeria, Russia, Indonesia and Malaysia increased by 50.1%, 34.6%, 83.2% and 77.5%, respectively.


During the same period, shandong ports exported 100 million tires for motor vehicles, an increase of 7.2%, accounting for 58.3%.Exports of 44.383 million tires for passenger cars and trucks, up 6.7 percent or 24.7 percent.The export of 15.986 million tires for motorcycle use decreased by 9%, accounting for 8.9%.

According to the analysis, the eu car market increased the growth rate of new vehicles significantly, increasing the demand for Chinese tires.”One Belt And One Road” emerging markets are also expanding.

Carbon black, rubber additives and other non-rubber tire raw material prices remain high, tire export price has become the main factor.