Statisitcs from China Rubber Industry Association showed that its 44 VIP members posted 118.3 billion yuan of production value during January to August, year-on-year decreasing 13.04%, and 106.9 billion yuan of tire revenue, y-o-y down by 12.7%.
Divided by products, China produced 237 million units of cover tyres, yearly down 6.33%, 213.8 units of radial tyres, yearly down by 5.84% and 56 million units of full-steel radial tyres, yearly down by 5.96%.
Divided by export, China exported 105.8 million units of tires in the past eight months, yealy decreasing 8.18%, within 98.7 million units 98.67 million units of radial tyres, and posted 37.7 billion yuan of export value, yearly diving 7.18%.
China's tire industry realized 3.53 billion yuan of net profit in the first eight months in 2015, year-on-year jumping 36.42%, and tire stock yearly surged 7.95% to 18.57 billion yuan. And its profit growth lowered to minus 36.42%.
Picture1：（Unit：%）
Picture showed that Chinese tire market is obviously weaken compared to the same period of 2014.
Picture 2: Sales Growth Trend in 2015
As picture 2 showed that China's tire sales slided down since February, due to severe export.
Nowadays, China's tire export is under pressure, and domestic demand is weak, so China's tire sales is hardly to change better in short terms.
Picture 3：China tire industry's profit growth from Jan.- Aug.（Unit：%）
As picture showed, China's tire industry posted -30% to -50% of profit growth during Jan.- Aug. in 2015. In that case, tire producers profited zero, which leads to cut production either.
Picture 4: China's cover tyre production from Jan.- Aug. in 2015 (Unit：%）
As picture showed that except January, China's cover tyre sales slided into negative growth.
Picture 5：China's tire export trend from Jan.- Aug. in 2015（Unit：%）
As Picture showed that China's negative tire export may get better from the hardest first half year.
With China lost nearly 40% of export market under heavy anti-dumping and anti-subsidy tax in U.S., China's tire producers aim at EU market, which may mean price battle is inevitable. However, how long low price policy could keep on, and whether it will cause EU's anti-dumping tax are both considerable questions for Chinese tire manufatures.
