Trends from the data: China's tire exports rose by 5.2% against the trend in 2024

On January 18, 2025, data released by the General Administration of Customs of China showed that China's rubber tire exports reached 9.32 million tons in 2024, a year-on-year increase of 5.2%; the export value was 164.5 billion yuan, a year-on-year increase of 5.6%.

Among them, the export volume of new pneumatic rubber tires reached 8.99 million tons, a year-on-year increase of 4.9%; the export value was 158.3 billion yuan, a year-on-year increase of 5.5%. Calculated by the number of tires, the export volume reached 680.57 million, a year-on-year increase of 10.5%.

The export volume of automobile tires was 7.95 million tons, a year-on-year increase of 5%; the export value was 136 billion yuan, a year-on-year increase of 6.3%.

Exports are growing, so how about the domestic tire market?

Tire market competition continues
China has always been the most competitive region in the world for tires. At present, China's tire exports still have good results, but many countries and regions in the world are still building double anti-walls. As for the domestic tire market, it is also tragic. In the past two years, foreign brands have fled the all-steel tire market, leaving only Chinese tire companies to fight and fight. The domestic tire market has long been a bloodbath.

Domestic original tire market
Data shows that from January to November 2024, the production and sales of passenger cars will reach 24.459 million and 24.435 million respectively, up 4.3% and 5% year-on-year respectively. Among them, new energy vehicles: production and sales will reach 11.345 million and 11.262 million respectively, up 34.6% and 35.6% year-on-year respectively.

‌Fuel vehicles‌: sales in November were 1.1564 million, down 6.5% year-on-year and up 8.7% month-on-month.

In terms of passenger cars, it can be seen that production and sales are both on the rise year-on-year. This shows that tires are performing well in the passenger car original equipment market.

The latest data shows that the overall sales volume (wholesale) of commercial vehicles nationwide in November 2024 was 314,800 units, a year-on-year decrease of 13.93% and a month-on-month increase of 5.62%. From January to November this year, the cumulative sales volume (wholesale) of commercial vehicles nationwide was 3.5053 million units, a year-on-year decrease of 4.45%.

The sales volume of heavy trucks is not impressive, and the full-steel tire market is even more fraught with danger. In terms of the replacement market, the tire business recently visited several tire stores in Beijing.

Tire stores, struggling to survive!
Terminal store survey, how is the current market?

Shop owner: How should I put it? The "customer order" is indeed a little more than the previous two years (that's because the market in the previous two years was really bad!), but the "customer price" can't go up, and it's still not good overall! If compared with the previous two years, it is indeed a little better, but it's only a little better!

After visiting, tire stores in Beijing said that the current tire market is not very good, especially after the second half of 2024, the sales volume of the entire tire market is not optimistic. Competition has become the norm in the tire market, and fierce competition is the future of the tire market.