2013 Xianyihouyang China’s tire market, the situation is not optimistic about the beginning of the annual tire sales situation in the first half is poor. However, due to the U.S. economic growth, slow recovery in Europe, the rapid development of China’s automobile, rubber prices at the bottom of the shock, China’s tire market situation has improved from the beginning of the second half. The annual tire sales, exports, profits and other indicators of double-digit growth, the highest level in three years the best, but tire sales and export delivery value declined slightly, tire inventory at a reasonable range. Tire wave of investment spurt, but the operating rate is not high, industry risk is more prominent.
Increase in volume and a drop in price, sales fell
According to the China Rubber Industry Association Tire Branch 48 member units for statistics, in 2013, tire production 390.6 million, compared with last year (below) increased 9 percent; sales income 211.26 billion yuan, down 0.9%, showing a trend of increase in volume and a drop in price , mainly due to tire sales price declined more than production growth.
Tire production and sales growth conditions, including foreign-funded enterprises showed a greater difference. Among them, the production increased by 13.4 percent funded enterprises, foreign-funded enterprises grew by 1.7%; domestic sales revenue grew by 2.0%, foreign-funded enterprises dropped 8.3%.
Press Tire sales rankings, the top 10 companies were: China Strategic Holdings, China Jia Tong, Triangle Group, China is the new, Shandong Linglong, Xingyuan Tyre, Double Coin Holdings, Aeolus tires, Jinyu Group and Shandong Shing. Only the top 10 companies in three sales growth, and the increase is less. Sales revenue declined mainly concentrated in larger companies OTR bias tires, and some corporate companies, engineering tire industry downturn in 2013, a considerable number of enterprises operating rate of less than 50%.
Tire production by ranking the top 10 were: China Jia Tong, China Strategic Holdings, Shandong Linglong, China is the new, Triangle Group, Jinyu Group, Sailun, Guangzhou, South China, China and Jiangsu Hankook Michelin. Only one of the top 10 corporate production decline, which Sailun Company and Shandong Linglong yield increase of 20%.
TBR tire production totaled 90,066,000, an increase of 8.3%. Steel tire production by ranking the top 10 were: China Strategic Holdings, Double Coin Holdings, Triangle Group, China Jia Tong, Shandong Linglong, Aeolus Tyre, Xingyuan Tire, Sailun, Qingdao Double Star and Guizhou Tyre. Steel tire production capacity is relatively high degree of concentration, which 10 enterprises steel tire production reached 57.305 million, accounting for 63.6% of total production, increased 2.7 percentage points higher than last year. Steel tire production over 5 million businesses have CSH, Double Coin, Triangle Group, China Jia Tong, Shandong Linglong, Aeolus Tyre, Xingyuan race tires and wheels company, which reached more than 1200 CSH million.
Semi-steel passenger and light truck tire production totaled 261 million, an increase of 10.1%, indicating that the development of China in recent years, semi-steel tire is relatively good. Semi-steel tire production by ranking the top 10 were: China Jia Tong, Shandong Linglong, China Strategic Holdings, China is the new, Triangle Group, Jinyu Group, Guangzhou, South China, Chinese Michelin, the company and Qingdao Sailun Sen unicorn. This 10 Total production volume was 173 million, accounting for 65.5% of total production, industry concentration decreased by about 6 percent in 2012 after nearly four percentage points lower and lower, indicating the development of semi-steel tire more new projects, semi- Steel tire investment boom still subside, leading to semi-steel tire industry concentration decreases.
Exports to the good, the price is lower
Tire exports to maintain good growth, exports amounted to 165 million, an increase of 9.4%. Among them, the radial tire export volume 152 million, up 11.9%, accounting for 92.4% of total exports of tires. Export delivery value of 75.68 billion yuan, down 2%. Export delivery value decreased mainly due to lower raw material costs in 2013 decreased tire price, estimated to have declined by more than 10%. It must arouse the attention of China’s tire industry, to prevent foreign anti-dumping risk.
Domestic and foreign performance varied. 35 domestic enterprises tire exports grew by 16.1%, an increase of 2.3% in value delivery; 13 foreign exports fell 3.2%, the delivery value decreased 13.3%. China’s tire business in efforts to expand exports, but the increase of China’s foreign tire markets. Calculated by the amount of tire exports accounted for 42.2% of total production, the sales revenue of 35.9% of total sales revenue, estimated that the export price is lower than the domestic price of about 5%, but the quality is higher than domestic exports, China’s tire industry, which is worth thinking.
Ranked by export deliveries, the first 10 are: Shandong Linglong, China Jia Tong, China Strategic Holdings, Triangle Group, Sailun company, Jinyu Group, China is the new, Qingdao Sen Kylin, Guangzhou, South China and South rubber, which race Ferry Company, Shandong Linglong export volume growth of more than 20%. Export delivery value by ranking the top 10 are: China Jia Tong, Triangle Group, Shandong Linglong, China Strategic Holdings, race wheel company, Aeolus tires, Jinyu Group, Double Coin Holdings, Shandong Xingyuan tires and Shing, including Shandong Shing, Sailun companies and export delivery value Jinyu Group increased by more than 20%. By region, Shandong, Jiangsu Province, to lead other provinces, Shandong Province, of which exports accounted for half of the country.
Stock reasonable efficiency in recent years, the best
Economic good is the biggest highlight of 2013 tire industry. According to the China Rubber Industry Association Tire Branch for 46 business statistics, corporate profits reached 10.07 billion yuan, an increase of 12.3%, a record high. The first half of 2013 rubber prices fell about 25%, semi-steel tire price index fell from January to December of 86.08 95.51, down 9.87 percentage points; truck tire price index fell to 78.48 from 89.33 at the beginning of dropped 12.15 points. Tire rubber prices and price “scissors” lead to increased tire business profitability. At the same time, increasing the size of the tire companies also help to improve the level of corporate profits. In 2013 the average profit margin of China’s tire sales hit a new high in recent years, reaching 4.5%. 2013 Tire seven loss-making enterprises, an increase of four over 2012, loss-making enterprises are mainly corporate bias tires, bias tires shows that our environment has become increasingly difficult to survive, and only have the survival and development intensive.
48 tire companies total inventory of up to 160 billion yuan, down 2.4%.Stocks accounted for 7.6% of sales, basically at a reasonable level. Foreign stocks fell significantly higher than domestic enterprises. Low tire inventory rate enterprises in Jiangsu speeding, Triangle Group, Bridgestone (Tianjin), Wendeng Sanfeng, Jinyu Group, Southport rubber, Jiang Hankook, China is the new, Shandong Shing and China Strategic Holdings. Relatively speaking, the Friends of the tire, Xinjiang Kunlun and other enterprises in Qingdao Yellow Sea stocks higher. By product category, especially the engineering giant OTR tire inventory is relatively large.
Investment small “blowout” imminent restructuring
After the 2013 Chinese New Year of the rise of tire investment spurt, some of the old tire plant to continue to expand the scale, a number of new projects have started to tire. Or its source and concentration of Shandong, Shandong Linyi region in particular is becoming a second “Dawangzhuang.”According to statistics, in 2013 China’s new steel production capacity of 15 million tires, semi-steel tire around 100 million.
From 2014 equipment bidding situation, new projects and capacity is still hot, is expected to further increase steel production capacity of 15 million tires, semi-steel tire around 100 million. 2013 China’s tire operating rate is not high, semi-steel tire about 85% on average, 80% less steel tire. Tire project investment in 2013 and 2014, the total production capacity is expected to bring China steel reached 165 million tires at the end of 2014, semi-steel tire production capacity to around 600 million, the tire industry will become more apparent structural overcapacity, competition will become more intense .
China’s tire industry restructuring is inevitable, one product upgrades, and green tire to tire more upscale development; Second, the need to invest and build factories farewell expansion mode. Capital Reorganisation will be one of the main ways tires bigger and stronger, especially in the tire production capacity after the Shandong provincial government to halt the project, the acquisition of China’s tire industry, the restructuring will be more frequent, which is also conducive to the healthy and stable China’s tire industry development.
Translated by Google Translator from http://news.cria.org.cn/3/19688.html
