| In the Asian tire market, the overall situation is boosted | | | | plans to improve the production capacity of passenger |
| powerfully by Chinese and Indian markets though | | | | light truck tires in its Kheda plant to 15,000/day with the |
| Japanese tire market showed a downturn trend at the | | | | investment of USD 56.30 million. Pirelli has declared to |
| end of 2008. | | | | invest another USD 100 million in Brazil and Latin |
| | | | | America for the production of OTR (off-the-road) tires |
| In 2009, the auto sales volumes in Europe and USA | | | | and agricultural tires. Toyo Tire & Rubber Co., Ltd |
| declined compared with that in 2008. Nevertheless, | | | | has also announced that it will set up a new tire plant in |
| with the growth of auto reserving volumes, the | | | | Southeast Asia. Cooper will add USD 10 million to |
| demand for replacement tires drives the growth of the | | | | improve the automatic production level of its tire plants; |
| whole tire market. | | | | meanwhile it declares to improve the production |
| | | | | capacity of its plant in Texarkana and expand the |
| Under this background, tire manufacturers even begin | | | | production facilities in Arkansas and Mississippi of USA, |
| to raise the price. The price has been increased firstly | | | | Guadalajara of Mexico and the joint venture in |
| in Goodyear by 6% since December 1st, 2009. | | | | Kunshan, China. |
| Subsequently, Bridgestone Americas, Continental North | | | | |
| America and Yokohama Rubber increased their tire | | | | In terms of tire trade in the world, China has become |
| prices successively. Since January 1st, 2010, | | | | the world largest tire export country since 2004. |
| Bridgestone has raised the tire price by 5%. The price | | | | However, in recent years, Chinese tires have sustained |
| growth rate is about 5% for tires of Continental North | | | | anti-dumping investigations by USA, Venezuela, |
| America and 6% for all tires of Yokohama Rubber. | | | | Australia, Brazil, Peru, Egypt, Argentina, Turkey, South |
| Tire giants such as Kumho, Pirelli and Michelin also | | | | Africa, Mexico and India, etc. Because of the complete |
| follow up. | | | | tire industry chain, huge tire demand, advantages in |
| | | | | energy and labor resources in China, transnational tire |
| In India, there is huge demand in the tire market, while | | | | enterprises increase their investment in China |
| the storage of tire manufacturers has decreased to | | | | successively. It is forecast that the global status of |
| the level equivalent to the total production of 20-25 | | | | Chinese tire industry will be further raised and China will |
| days. Hence, the tire price in Indian market was raised | | | | remain the global No.1 by tire export volume in the |
| by over 5% at the beginning of 2010. All tire companies | | | | coming years. |
| owe the price increase to the unbearable price growth | | | | |
| of raw materials. In November 2009, the heavy rain | | | | Through this report, readers can acquire more |
| and flood severely affected the rubber production in | | | | information: |
| Thailand, Indonesia, Malaysia and India. Consequently, | | | | -Overview of global tire market |
| rubber production from these major rubber producers | | | | -Supply and demand of Asia-Pacific tire market |
| suffers considerable decline. The vigorous demand | | | | -Supply and demand of North American tire market |
| boosts the price of rubber. | | | | -Supply and demand of European tire market |
| | | | | -Supply and demand of Latin American tire market |
| USA's special tariff on Chinese passenger/light truck | | | | -Supply and demand of African and Middle Eastern tire |
| tires (tire special safeguard case) acts as another | | | | markets |
| factor driving the price growth of tires. It affects | | | | -Major tire manufacturers in the world |
| China's tire export to USA and creates the opportunity | | | | -Influence of the financial crisis on global tire market |
| for world tire manufacturers to raise the price. | | | | -Status quo of global tire trade |
| | | | | -Export of major tire export countries in the world |
| Tire price increase arouses a new round of tire | | | | -Import of major tire import countries in the world |
| investment craze in the world. After the outbreak of | | | | -Major barriers to global tire trade |
| the financial crisis, tire giants (Michelin, etc.) almost | | | | |
| stopped all the production expansion plans. At the | | | | Following persons are recommended to buy this |
| beginning of 2010, they resumed the production | | | | report: |
| expansion and construction of new projects. Michelin | | | | - Tire manufacturers |
| plans to invest USD 870 million to establish a heavy | | | | - Auto manufacturers |
| duty tire plant in South India in the coming 2-3 years | | | | - Upstream rubber and carbon black, etc. |
| and put the plant into production in 2012. Bridgestone | | | | |