Shanghai tyre and wheel trade show, China International Tire Expo (CITEXPO), has been “postponed until 16-18 August 2021” due to the COVID-19 pandemic. The show – the largest event of its kind in China – will take place at the Shanghai World Expo Exhibition & Convention Center, its venue since 2016. The annual show has a strong emphasis on international business visitors, with representatives of 120 countries attending each year. The announcement confirms our report that there would be no CITExpo in 2020 earlier this month.
Tyres & Accessories has attended and participated in the China International Tire Expo (CITExpo) for much of its 16 years. During this time, we’ve witnessed the trade fair’s evolution in a changing tyre market, and did so again in August when we returned to the Shanghai World Expo Exhibition and Convention Center for this year’s show.
We’ve been following the progress of Algeria’s first homegrown tyre company, and in March reported that the Iris Tyre plant had completed its first test phase. Now the new tyre maker is ready not only to gain a foothold in the domestic market – Iris Tyre intends to export its output to numerous markets. It will present its range at the CITExpo trade fair in Shanghai next month.
Despite trade disputes and tariffs, China remains interesting for tyre distributors and buyers around the world. Furthermore, China’s tyre market itself stands to benefit from future growth in the country’s automotive aftermarket. Although the 28 million new cars sold in China last year represented a three per cent decrease on 2017 sales figures, the number of vehicles requiring replacement tyres will continue on an upward trajectory over the coming years. Against this backdrop, the China International Tire Expo (CITExpo) positions itself as an ideal trade fair for international and domestic visitors alike.
Visiting CITExpo in 2018 had the potential to be a gloomy affair. A trade show that has specifically targeted medium-sized tyre Chinese manufacturers as a gateway for raising global interest, the trading environment in major export markets in Europe and North America have not been the most hospitable, with tariffs or anti-dumping duties affecting various product segments. In the UK, we heard from a major Chinese truck tyre importer that business had effectively been put on hold with the announcement that the EU was imposing tariffs in May. Pressure had also been mounting domestically, as the Chinese government moved to bring a halt to production at factories it considered to be too polluting, which led to upstream supply chain problems, as raw materials suppliers to the tyre industry were among those affected.