China Rubber Industry Association initially estimated that China’s tire production in 2008 was 350 million, an increase of 6% year-on-year. Among them, 260 million radial tires were used, a year-on-year increase of 13%. The profit of the tire industry decreased by 50.9% compared with that of 2007.
It was learned from the 27th meeting of the Secretary-General of the China Rubber Industry Association that due to the impact of the global financial crisis, in 2008 China's rubber industry experienced the sharp fall in raw material prices and the ups and downs of domestic and foreign markets. According to preliminary estimates by the China Rubber Industry Association, the profits of member companies in various sub-industries have fallen sharply, and the profit of the tire industry has dropped by 50.9% compared with 2007.
It is understood that the outbreak of the global financial crisis in 2008 had a huge impact on the tire industry, especially the sharp decline in the European and American auto market, which greatly affected the tire industry with strong export dependence, and the export volume dropped drastically, exacerbating the overcapacity in the domestic market. contradiction.
Since the second half of 2008, tire companies have generally experienced a drop in operating rates, a sharp rise in inventories, and tight working capital. The operating rate of the tire industry before New Year's Day is basically around 50%. However, radial tires still maintain a good momentum of development, and domestic brand tire companies have played a key role.
According to preliminary estimates by the China Rubber Association, China’s tire production in 2008 was 350 million, an increase of 6% over 2007. There are 260 million radial tires, which is a 13% increase from 2007. Raw rubber consumed 5.5 million tons, an increase of 8.9% year-on-year. The overall growth of the rubber industry is close to 10%, and the growth rate has fallen more than in 2007.
Fan Rende, president of the China Rubber Industry Association, proposed that China is currently an important period for developing a strong rubber country. China's vast majority of rubber products exported still belong to medium and low-grade products. Rubber companies should develop cost-effective, high-value-added products based on domestic and foreign market demand. product.
Fan Rende said that although the whole industry still faces many serious challenges in 2009, there are still opportunities for the development of China's rubber industry: First, the demand for automobiles in the domestic market is still relatively strong; secondly, the state’s efforts to “maintain growth and promote development†has increased. The development of the iron and steel, coal and building materials industries will bring greater development opportunities to the rubber pipe belt industry; again, in recent years, international auto manufacturers have just started to purchase auto parts and components in China, and the competitive advantages of domestic auto rubber and rubber accessories companies have continued to increase. Enhanced.
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