China's tire industry to return to double-digit growth

2017-07-31 07:18:55 Global Excel Tyres Co.,ltd Read

This year, the domestic key tire business as a whole to the good performance growth back to double digits.

Recently, the China Rubber Industry Association released the industry from January to May the operation of the economy.

According to statistics, the first five months, China's key tire enterprises to achieve output value of 73.635 billion yuan, an increase of 10.70%; sales revenue of 68.092 billion yuan, an increase of 10.66%. Tire business output and sales revenue increased, and production and price increases. In the first quarter of the price trend driven by the majority of domestic large-scale tire production increased, and product prices rose over the same period last year.

According to the relevant agencies predicted that in 2017, China's tire production will grow by 4.1%.

In addition, the leading role of export business, but also very obvious.

Insiders said that since the end of last year, China's tire economy has shown a good trend of operation, especially the export situation has improved.

Data show that the export volume calculation, 1-5 months, the overall export rate of Chinese tires was 34.09%, compared with 30.78% over the same period last year, an increase of 3.3 percentage points.

It is noteworthy that, although the economic indicators have improved, but the tire industry's living conditions and no significant improvement.

At present, environmental protection is becoming more stringent, and the whole industry is in a critical period of transformation and upgrading and re-shuffling.

The industry analysts said that in view of the internal and external business environment is not fundamentally improved, the Chinese tire industry to maintain long-term double-digit high growth, the possibility is not.