You are here: / imports

Imports

Posts

Chinese tyre import share rises above 50% in declining European market

, , ,
Linglong

China accounted for more than half of all passenger car and light truck (PCLT) tyres entering the European Union and the United Kingdom for the first time during the first eight months of 2020. Comparatively, the then 28 EU nations imported 105 million passenger car and light truck (PCLT) tyres from outside the region in the same period of 2019.* The major impact on tyre demand of the coronavirus pandemic, as well as varying degrees of disrupted production, led to the EU-27 and UK together importing 21 million fewer tyres in the corresponding period of 2020, a reduction of 20 per cent. The Eurostat and HMRC data was compiled by leading data analyst Astutus Research.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Re-globalisation of the international tyre market?
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. Pearls of the Orient
  4. Emissions inspections push Chinese tyremakers to the brink
/0 Comments/by

Iran’s tyre manufacturing output refocuses on heavy tyres

,
MohammadAli Dahaghin; Unsplash

The tyre manufacturing output of Iranian factories increased 26 per cent in the first five months of the current Iranian calendar year (1399 and specifically the period between 20 March and 21 August 2020) compared with the same period last year. Such growth is consistent with the Iranian tyre industry’s 10-year plan to double in size by 2025, which was publicised in 2015. And it also corresponds to earlier optimism related to Iranian tyre market growth, but what do the latest figures tell us about the product mix of the Iranian national tyre production base?

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Iranian tyre industry aiming to double in size by 2025
  2. Iranian tyre manufacturers optimistic about export future as sanctions ease
  3. Report: Passenger car tyres dominate Iran with 70% market share
  4. Iranian Tyre Industry Looks to Global Players
/by

New UK Global Tariff sees tyre duty reduced from 4.5% to 4.0%

, , ,
shipping containersPexels

The UK Department for International Trade has announced a new UK Global Tariff (UKGT). Announced on 19 May 2020, this replaces the EU’s Common External Tariff on 1 January 2021 at the end of the Brexit Transition Period. As it pertains to the tyre business, while there are various categories, the announcement basically means the new UKGT sees tyre duty reduced from 4.5% to 4.0%. Camel back rubber for use in retreading stays at 0%, while duties cushion industrial tyres are reduced to 2.0% from 2.5%.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. What cabinet reshuffles and a UK-China free-trade deal might mean for the tyre industry
  2. EU publishes definitive anti-subsidy and updated anti-dumping rates
  3. 2018 has been ‘Up in the air’
  4. Truck tyre tariffs to end Chinese import tsunami
/by

China now in 3rd place as source for EU truck tyre imports

, ,

In previous features on commercial vehicle tyres, Tyres & Accessories has noted the varied effects European Union tariffs on product manufactured in China have had on the market. Questioning whether the tariffs have “worked” is a complex question, because their effect on new tye segmentation and retreads have been varied across Europe’s major markets. Truck tyre markets in France and Germany reacted in very different ways to the UK, at least partially because the latter market was contracting anyway.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. US Companies Asked to Provide Details of Recalled Tyres
  2. Bridgestone staying strong in a growing truck tyre market
  3. Giti releases details of 6 Giti-branded tyres on CV Show 2017 stand
  4. Giti launches key commercial tyre sizes one year since rebranding at CV Show 2018
/by

Brexit, the continuing saga

, ,

We were told that 29 March was the Brexit deadline. As we go to press in the week after that deadline passed, it is clear that we don’t know either when or how we are going to Brexit. As we discussed last month, the consensus amongst analysts and the automotive industry is that there will be a massive negative impact on vehicle manufacturing (and therefore automotive suppliers) in the UK. But what else do we have to look forward to?

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. What to do about the EU?
  2. Sterling crashes as UK votes for Brexit
  3. David Cameron steps down following Brexit vote
  4. 2018 has been ‘Up in the air’
/by

TRIB testifies at US tariff hearings

,

The Section 301 Committee of the Office of the US Trade Representative (USTR) is holding hearings at the US International Trade Commission as part of a consultation process ahead of proposed import duties on certain Chinese produced tyres.

Read more

Related news:

  1. With Chinese input Prices on the Up Could there be a Retread Renaissance?
  2. Marangoni to Restructure “Tyre Retreading” Business Area
  3. US Imposes 35% Tyre Tariff, China Plays Chicken
  4. Cheap Chinese tyres put pressure on retreading
/by

Moody’s: US auto parts tariffs credit negative for suppliers

,

The US imposing tariffs on imported vehicles and auto parts would be broadly credit negative for parts manufacturers that are part of a global supply chain, Moody’s Investors Service says in a new report. Even so, the financial impact to the auto industry stemming from the proposed tariffs — contemplated at up to 25 per cent for imported vehicles and parts — will mainly depend on the extent to which auto parts suppliers’ operations are spread out through the world and their products imported back to the US.

Read more

Related news:

  1. US Imposes 35% Tyre Tariff, China Plays Chicken
  2. China’s Vehicle Imports Up 72 per cent
  3. GITI Tire Issue Completed
  4. EU publishes definitive anti-subsidy and updated anti-dumping rates
/by

Emissions inspections push Chinese tyremakers to the brink

, , ,

With a headline like that, you could be forgiven for thinking that this month’s column refers to the ongoing geopolitical sabre rattling taking place between China’s North Korean neighbours and the USA. However, as important as the hint of nuclear escalation is, here we focus on how the overheating Chinese tyre market is as close as it has ever been to boiling over. Two key subjects have raised the temperature in the People’s Republic during the last month or so: The European Commission’s (EC) decision to initiate an anti-dumping investigation against Chinese-produced truck and bus tyres; and the even more imminent effects of local environmental emissions investigations within China itself, which have led to the suspension and even closure of numerous businesses in the country (see below).

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Tyre production in China – where are the ‘tier one’ manufacturers?
  2. Bucking the trend: how UK retreaders like Bandvulc are navigating market storms
  3. Aeolus continues to rise in Chinese tyre market
  4. Chinese Manufacturers Focus on OTR Tyres
/by

Re-globalisation of the international tyre market?

, , , ,

In the last few weeks, Apollo has initiated production at its new Hungary tyre factory and launched a brand new European truck tyre range (see Company News section pages 32 – 24); Doublestar has confirmed that it is the only remaining bidder in the race for 42 per cent of Kumho Tire (see pages 36 – 37); and as we went to press, Finnish tyre maker Nokian announced that it will build its third production plant, this time in the USA. All this points to what we might call a re-globalisation trend. Rather than businesses from the large so-called developed nations expanding around the globe, this second wave of international expansion sees the roles reversing to some extent. While before the Western nations were looking to invest in fast-growing “emerging” economies, now the proverbial shoe is on the other foot and large companies in what used to be called the BRIC nations are investing in more developed tyre markets.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. CITExpo 2017 opens in Shanghai
  2. Protean establishing factory for electric in-wheel drive system
  3. Emissions inspections push Chinese tyremakers to the brink
  4. UK car manufacturing at 10-year high
/by

Chinese imports a growing part of Korean tyre market

The Korea Tire Manufacturers Association (KTMA) reports that the total value of tyres imported into Korea reached US$511.48 million (561.6 billion won) in 2015, up 63.8 per cent from $312.27 million in 2010. Tyre imports in the first half of 2016 (January to June) also increased, growing 6.2 per cent year-on-year to $250.84 million.

Read more

Related news:

  1. The Market is Ripe for Korean Tyre Makers
  2. Decennial shift in global PCLT tyre volume market share
  3. Nexen leading Korean bloc 1Q results
  4. Tyre Makers Go Global
/by

Yinbao aiming at mainland Europe post-US tyre import tariffs

,

Yinbao Tyre Group, a company that has been manufacturing tyres in China for 20 years now, is aiming to grow sales in mainland Europe. The decision comes around a year after the US renewed its policy of levying import tariffs against Chinese renewed products and thus made it impossible for some Chinese tyre makers to continue to do business in the US.

Read more

Related news:

  1. Goodtyre Presses Forward Into Europe
  2. Shandong Yinbao Tyre Group Spreads Its Wings
  3. Imitation is the Highest Form of Flattery
  4. Marangoni to Restructure “Tyre Retreading” Business Area
/by

Bucking the trend: how UK retreaders like Bandvulc are navigating market storms

, ,

In recent months we have heard much about the decline of retread demand and production at the same time that Chinese truck tyre prices have plumbed to new depths. Of course this paints a very negative picture for the retreading business in the UK – where low-costs imports have historically been more popular than the average European state – and also across the European tyre markets. The premium new tyre makers have suggested they will weather the storm by pointing out their uniquely strong position with regard to large fleet customers. Because they also produce their own retreads, these firms pointed out that their businesses will remain relatively sheltered by the low quality, oversupply problems facing other independent retreaders. However, such a reading of recent history relies on two premises: 1) that the market remains in undeniable decline and 2) that premium manufacturers with their own retreading options are best positioned to get over this particular bump in the road.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Continental buys Bandvulc
  2. Conti’s Bandvulc purchase results in UK market remoulding
  3. Continental and Bandvulc management comment on integration process
  4. Arthur Gregg new Bandvulc MD
/by

Conditions ripe for European trade barriers?

,

New year, new trends It seems a bit pessimistic to start 2016 with a reference to recession. Nevertheless, when Bank of England deputy governor Minouche Shafik suggested the UK tyre industry is in the grip of recession-based consumer behaviour at the end of 2015 she highlighted an important point. The market is encountering different purchasing […]

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Will Europe impose tyre import tariffs?
  2. A tale of two markets…
  3. Re-globalisation of the international tyre market?
  4. Emissions inspections push Chinese tyremakers to the brink
/by

Tyre makers paying 25% more to help India’s rubber producers

A dozen tyre manufacturers in India have agreed to acquire domestically-sourced natural rubber at a price 25 per cent above that set in Bangkok. This arrangement was decided upon at a meeting on 18 December in the city of Thiruvananthapuram with Oommen Chandy, chief minister of India’s Kerala state. It was agreed that India’s Rubber Board will calculate the going price for rubber each day; this will be based on the international, Bangkok price, with an additional 20 per cent customs duty and five per cent purchase tax added to the international price. The chief minister’s office reports that the new pricing takes effect today and is valid until the end of March 2015.

Read more

Related news:

  1. Indian tyre makers’ association seeks duties review
  2. Malhotra Growing in the Radial Business
  3. India’s ATMA Seeking a 7.5% Rubber Tariff
  4. Indian tyre makers turning to imported rubber
/by

India’s tyre makers meet government to talk rubber prices

Regional government ministers in India met with tyre makers on 18 December to discuss rubber prices. Chief minister of the state of Kerala, Oomen Chandy has chaired a meeting which proposed a minimum guaranteed price for rubber growers – a price of around Rs 125 to 130 (£1.25 to £1.30) per kilogramme was suggested. In recent times the price paid to Indian rubber growers has dipped as low as Rs 90 per kilogramme, a price considered unsustainable.

Read more

Related news:

  1. Bridgestone and MRF top JD Power India OE tyre survey
  2. Lockdown stops tyre production in India
  3. Indian Tyremakers to Spend £670 million
  4. Domestic Radial Capacity, Import Duties a Problem for Indian Vehicle Makers
/by