Azerbaijan give China tires a chance

2016-01-22 07:26:15 Global Excel Tyres Co.,ltd Read

Azerbaijan give China tires a chance 

TechSci foreign research institutions recently released a research report "Azerbaijan 2020 tire market forecast and opportunities."

The report said that from 2015 to 2020, Azerbaijan tire market is expected compound annual growth rate of over 5%.

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TechSci Research Center director Karan said, because domestic investment in infrastructure projects in Azerbaijan increased (eg Khazar Island Development Program), the project is expected to demand for medium and heavy commercial vehicle tires and tires will be a substantial increase in the coming years in the country.

At the same time, due to strong growth in tourism, increased demand for public transportation for cars, light commercial vehicles, demand will increase. These will drive the expansion of Azerbaijan tire market until 2020.

In 2014, the country's largest passenger car tire demand, then the medium and heavy commercial vehicle tires. In the absence of supporting tire plant, Azerbaijan entirely dependent on the replacement tire market demand.

According to reports, the lack of rubber, no decent tire plant in Azerbaijan, therefore, the country needs to import almost all of the replacement tire.

For the frequently encountered "double reverse" hit Chinese tire enterprises, Azerbaijan may be a good market.