Article from the annual ERJ China Tire Report 2016, published as a supplement in the July/August issue of European Rubber Journal magazine:
London - Given the well-documented impact of US tariffs on its exports and a domestic market slowdown, the China Rubber Industry Association (CRIA) figures show a surprisingly modest decline in sales of Chinese tire manufacturers in 2015.
At first glance, total sales for CRIA member companies listed were down by just 7 percent year-on-year to $21,489.8 million – compared to a total of $25,000 million for the 32 companies listed in 2014.
Company names missing from last year’s list are: Sichuan Haida Tyre Group Co. Ltd. which had 2014 sales of $414.5 million; Beijing Shouchang Tyre Co. Ltd, $123.0 million; and Good Friend Tyre Co. Ltd, $119.2 million.
Comparing figures for companies that appear in both this year’s and last year’s survey, the decline is a bit more marked, coming in 13 percent lower in 2015, according to sales data provided by the Chinese association.