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According to statistics from the Xiamen Inspection and Quarantine Bureau, in 2016 Xiamen Port imported a total of 102 batches of tires, which was US$2.596 million. The year-on-year batches and amounts decreased by 24.4% and 43.5% respectively.
The tires imported from Xiamen Port are mainly tires for passenger cars, other passenger cars or trucks, accounting for more than 60% of the import value. Mainly from China Taiwan, Thailand, Malaysia, Sri Lanka, the United Kingdom and other countries and regions.
In 2016, the number of imported tires for passenger car tires, other passenger cars or trucks at Xiamen port, and the amount of their tires all decreased significantly compared to 2015, mainly due to the following four aspects:
First, because the United States imposed anti-dumping measures on China's tires, the domestically-manufactured tire factory switched its domestic market from export to domestic sales, and actively expanded its market share in China.
Second, international well-known brand tire companies have set up factories in China, importing and converting to production;
Thirdly, in recent years, China has become the world's largest consumer of rubber and the largest importer of rubber. The surplus of natural rubber in the domestic market has resulted in excess production capacity of tires, and the price advantage of domestic tires has become apparent.
Fourthly, in recent years, through increasing investment in product research and development and technological innovation, the domestic brand's product quality and brand effect have risen strongly. It has been able to compete with international brands, and domestic tires with high quality and low price have been used to counter imported tires. As a result, the demand for imported tires has gradually decreased.
In summary, the import volume of tires for passenger cars and other passenger cars or trucks at the Xiamen port has been reduced, which reflects the gradual acceptance of Chinese domestic tires by consumers. The selection of domestic tires has become a new consumer trend.
From the above introduction, we can see that in 2016, both the import batch and the import amount have dropped significantly from the previous year. In recent years, with the rise of independent brands in China, domestic companies have emerged that can compete with international brands.
We have reason to believe that in 2017, it is a big year for domestic tires. For consumers, there are more likely to choose domestic brands, and for shopkeepers, there may be more choices in the purchase channels.
Tyre imports fall 2017 domestic tires will become a new trend