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Competition is fierce! Two months after the order was placed, what was so hot?
Jan 16,2024
From the performance point of view, in the first three quarters of last year, the operating income and net profit of 9 A- share listed tire companies all achieved growth.
Especially in terms of net profit, Linglong Tire,S Jiatong,GM shares, Fengshen shares, Guizhou tires, Triangle tires and other 6 companies increased by more than 100 year-on-year.
Hot! The order was hot two months later.
In a tire production enterprise in Qingzhou, Shandong, the production workshop is busy. The relevant person in charge said that at present their annual production capacity of about 17.5 million tires. Since 2023, it has basically been in full production.
Wang Dong, foreign trade director of a tire production enterprise in Qingzhou, Shandong Province, said: The annual output of semi-steel tires will be about 9 million in 2022 and 11.8 million in 2023. Overall annual production of all-steel tiresIncrease by about 15%.
According to Wang Dong, according to different downstream applications, tires can be divided into semi-steel tires for passenger cars and all-steel tires for trucks and construction machinery vehicles.
Since 2023, their production of semi-steel tires and all-steel tires has increased significantly, but they still cannot meet the demand for orders.
Data show that in 2023, China's total output of all-steel tires was 0.139 billion,Year-on-year increase of 14%. In 2023, China's cumulative output of semi-steel tires was 0.591 billion,Year-on-year increase of 22%.
At present, the tire orders of many manufacturers have been arranged after two months., and their tire product inventory has also dropped to the lowest level.
Car exports in the world first!
Tire orders are in short supply, on the one hand, due to the record high domestic automobile production and sales, which has driven the demand for tires; on the other hand, the substantial increase in export volume has also become another key factor driving the significant growth of tire production and sales.
Yan Hui, business manager of a tire trading company in Qingdao, Shandong, said that overseas customers are currently in strong demand and they are overwhelmed with orders.
This enterprise, which specializes in tire export trade, exported about 1.3 million tires in 2023, an increase of more than 30% over the same period last year. According to the person in charge of the enterprise, the export demand for semi-steel tires has increased most obviously this year. At present, they and the factory need to queue up for goods.
According to data released by the China Association of Automobile Manufacturers, in 2023,china's auto production and sales exceeded 30 million units, a record high,This has driven the tire market demand to a certain extent.
China's car exports close to 5 million in 2023Effectively drive the overall rapid growth of the automotive industry. In 2024, China's automobile exports are expected to be around 5.5 million.
Russian satellite news agency reported that in 2022, the market share of Chinese car brands in Russia increased from 9% to 37%. From January to October 2023, China exported 730000 cars to Russia, seven times that of the same period last year.
China's customs data show that Russia has become China's largest auto export market from 11thJanuary-October exports reach $9.4 billionIn the same period last year, the figure was only $1.1 billion.
the company "special car center", a russian car dealer, even predicted that,Chinese car market share on Russian market could reach 80% by 2024.
Haoto 0.24 billion Speeds Up Overseas Factory Construction
In addition, the global tire market matching and tire replacement demand recovery, in the European and American markets under high inflation, China's tires have a significant advantage of high cost performance, tire exports increased significantly. Data show that in 2023 China's semi-steel tire export sales of about 0.287 billion, an increase of 20%.
Overseas market demand is booming, and tire exports have increased significantly. In order to further expand production capacity and cope with future market competition, tire companies have accelerated their overseas construction.
On December 20, Wanli Tire "revealed at the dealer meeting that in order to solve the current situation of short supply, it will invest in the construction of overseas factories.
On December 16, Sailor Tire "announced that its subsidiary Sailor Singapore signed a joint venture agreement with Mexico's TD Company, planning to invest 0.24 billion US dollars in Mexico to build 6 million semi-steel radial tires with an annual output. Factory, this is the first layout of Chinese tire enterprises in North America.
In addition, following the establishment of factories in Thailand and Serbia, Linglong Tire is currently planning to build a third overseas factory. People from the company said that at present, the relevant team of the company is making an on-the-spot investigation and will announce the site selection in time.
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