The growth rate of China tire industry further slowed down, with the growth rate dropping below 10%, whereas the previous growth rate was between 20% and 30%. Although the industrial growth rate is declining, the overall development of the rubber industry tends to be stable. According to the "2013-2017 Market Research and Investment Consulting Report of China's Tire and Tire Industry" released by China Business Intelligence Network, in August 2012, China produced 73,619,000 rubber tire tires, down 1.78% from the same period of last year. From January to August, the output of rubber tires in China reached 574 million, an increase of 4.19% over the same period of last year. Among them, the output of radial tires in China reached 280 million, an increase of 10.16% over the same period of last year, accounting for 49.07% of the total output of tire tires.
Car tire industry development advantage
First, the rapid growth of China's automobile industry brings supporting business opportunities for the wheel manufacturing industry. The wheel market is broken down into markets and retail markets. In addition, China has increasingly become a factory in the world and multinational corporations are generally optimistic about the potential and advantages of the Chinese market. Therefore, the rapid development of automobile industry, will bring the continued prosperity of the wheel manufacturing.
Second, the wheel manufacturing industry is a raw material and labor-intensive industry. Our country has the advantage of sufficient raw materials and human resources. China is close to Vietnam, Thailand and other world natural rubber producing countries, natural rubber production in the southwest has also become a scale. Automotive wheels are mainly steel wheels and aluminum wheels, these two kinds of wheels in the car on the application ratio is about. China is the world's largest producer of steel and aluminum, and abundant raw materials make the production of wheels very cost-effective for raw materials. Compared with the European and American countries, the cost of human resources in our country still has a great advantage.
Third, the relationship between supply and demand in the international market determines that China's wheel industry will implement industrial transfer. Wheel production is high energy consumption and technology is not too high in the industry. Taking into account environmental protection, energy and other issues, developed countries began to carry out industrial transfer to developing countries. Michelin, Bridgestone and other world tire giant began to look to China. Domestic wheel enterprises should seize this opportunity to join the vehicle parts procurement system of global components in the industrial chain to occupy this indispensable link. The annual export volume of domestic wheels is around 10,000.