In 2012, China's tire industry showed a steady dev

2022-07-24
  • Detail

In 2012, China's tire industry generally showed a steady development trend

in 2012, the output of China's tire industry increased steadily, the benefits increased significantly, the investment became more rational, and the growth rate of foreign trade fell back, showing a steady development trend

I. the output increased steadily and the growth rate fluctuated at a low level

2012, China's tire production was relatively stable. Except that the output in months was relatively low due to holidays, the output of tires (casing, the same below) in each month was stable at more than 70million, and the annual cumulative production was 892million, an increase of 4.2% over the same period of last year, down 4.3 percentage points over the previous year. Among them, 461million radial tires, an increase of 11.4% year-on-year, an increase of about 6 percentage points over the previous year. In terms of regions, China's tire production is mainly concentrated in the eastern coast. The output of Shandong, Jiangsu and Zhejiang provinces is 591million, accounting for 66% of the country

from the annual trend, the growth rate of the tire industry is greatly affected by the automobile industry. In the first quarter, affected by the sluggish macro-economic growth of double screw rod series and the high base in the same period of last year, the automobile market continued the downturn trend of last year, and the cumulative output showed negative growth. In the second quarter, auto production and sales turned positive, and the industry showed a rebound trend. Affected by this, the tire growth rate first decreased and then increased in the first half of the year, and has recovered to 13.6% by June. In the second half of the year, although the automobile output maintained a positive year-on-year growth, the rebound momentum slowed down. The growth rate gradually fell from 12.8% in July to an annual low of 3.1% in November. Affected by this, the tire growth rate in the second half of the year was always at a low level below 10%

II. The price of raw materials fell, and the benefits rose sharply.

2012, the price of tire raw materials generally showed a downward trend, with a large decline. Among them, the annual average price of natural rubber (scr10) fell from 33835 yuan/ton to 25053 yuan/ton; The average annual price of styrene butadiene rubber (1500) fell from 26808 yuan/ton to 20519 yuan/ton; The average annual price of CIS polybutadiene rubber (grade I) fell from 30225 yuan/ton to 22833 yuan/ton, with a decrease of 25.9%, 23.5% and 24.5% respectively. The reasons are as follows: firstly, the supply of natural rubber is sufficient, while the demand continues to weaken due to the global economic downturn, and the price level continues to fall; Second, the prices of coal and crude oil are running at a low level. After the main synthetic rubber lost its cost support, the prices also entered a downward channel

2012, affected by factors such as sluggish demand and falling raw material prices, tire prices fell year-on-year. The average annual prices of passenger car radial tire (165/70r14) and light truck bias tire (7.pr) were 265 yuan/set and 701 yuan/set, down 5.7 and 12.5 percentage points respectively year on year. However, due to the expansion of product profit space, the gross profit margin of the tire industry increased significantly. In the whole year, the industry realized a profit of 27.5 billion yuan, a year-on-year increase of 43.7%, nearly 40 percentage points higher than the output growth; The asset profit margin was 7.3%, an increase of 2 percentage points over the same period of the previous year, and the profitability was enhanced

III. The investment tends to be rational and the development momentum slows down.

due to the small number of new construction projects and construction projects in the previous year, 2 not only the price of the experimental machine itself should be considered. In 2012, the tire industry completed an investment of 58.4 billion yuan, a year-on-year increase of 14.4%, down 31 percentage points from the previous year and 13 percentage points lower than the petrochemical industry; There were 347 construction projects in the whole year, a year-on-year decrease of 11.3%; 201 completed projects, a year-on-year decrease of 16.3%

affected by factors such as the slowdown in the growth of the domestic automobile market and the sluggish growth of foreign demand, the desire of enterprises to invest has weakened, and the development momentum of the industry has slowed down. The annual planned investment was 130.1 billion yuan, a year-on-year decrease of 10.2%, 13.5 percentage points lower than that of the previous year; 223 new projects were started, unchanged from the previous year

IV. the growth rate of foreign trade dropped, and the external demand market was weak

in 2012, China imported and exported 4.52 million tons of tires, a year-on-year increase of 9.2%; Foreign trade totaled US $16.7 billion, a year-on-year increase of 7.5%, about 34 percentage points lower than the previous year

2012 saw 107000 tons of imported tires, a year-on-year decrease of 10.1%, 21 percentage points lower than the previous year; The import volume was US $830million, a year-on-year increase of 7.1%. 4.41 million tons of tires were exported, a year-on-year increase of 9.6%, an increase of 2.1 percentage points over the previous year; The export volume was US $15.9 billion, a year-on-year increase of 7.6%. The trade surplus applied to mass production was about US $15.1 billion, a year-on-year increase of 7.6%, down nearly 35 percentage points from the previous year

in 2012, the foreign trade of the tire industry still did not get rid of the downturn situation of the previous year, mainly due to the downturn of the domestic automobile market and the decline in the demand for imported tires; The uncertainty of the international economic outlook has increased, and the external demand market is weak; Trade protection and technical barriers in some countries and regions benefit from the joint construction of "one belt and one road" by the two countries, which makes tire export more difficult

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI