According to data released by the General Administration of Customs of China on January 18, 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%.
New pneumatic rubber tires dominated the rubber tire exports. Data shows that 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%. In terms of number of pieces, the export volume reached 680.57 million pieces, an increase of 10.5% year-on-year.
As an important component of rubber tires, automobile tire exports also performed well. In 2024, 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%.
According to research conducted by relevant institutions in January, some companies whose semi-steel tire exports are currently concentrated in Europe and the United States have seen a significant reduction in new orders. For most other companies, the overall order performance is acceptable, taking into account factors such as overseas and domestic customers' pre-holiday stocking.
Judging from the export orders of all-steel tires, due to the high shipping prices in some regions and insufficient overseas demand, export pressure continued to increase, and the order performance of all-steel tire companies further weakened in January.
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