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SOURCE Research and Markets
DUBLIN, Dec. 10, 2013 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rhswj3/global_and) has announced the addition of the "Global and Chinese Tire Industry Report 2013" report to their offering.
In 2012, the global tire market size approximated USD185.8 billion, up 2.6% from a year earlier. The estimation shows that the growth rate in 2013 will be no more than 0.5%. In 2012, the global tire shipment reached roughly 1.461 billion units, of which, the OE tire for PLT use grew by 6%, for RT use dropped by 4%, for CV declined by 5%, and the RT tire decreased by 4%. In Europe, the shipment of OE tire for PLT use dived by 4%, and that of RT tire dropped by 10%, for CV declined by 4%, and the shipment of RT tire slumped by 10%; in North America, the shipment of OE tire for PLT use increased by 16%, that of RT tire declined by 2%, OE tire for CV surged by 2%, and the shipment of RT tire dropped by 2%; in Asia, the shipment of OE tire for PLT use grew by 11%, and that of RT tire rose by 2%, OE tire for CV declined by 9%, and the shipment of RT tire decreased by 6%; in South America, the shipment of OE tire for CV dropped by 30% as a result of the sluggish economic situation in Brazil.
In spite of sluggish market, the tire enterprises have enjoyed excellent performance, due to the fact that the cost of NR and SR, which are raw materials of tire industry, took a sharp decline. By the way, NR and SR make up around 50-60% raw materials cost of tire industry. In 2011-2012, the new NR capacities poured into the market, leading to continuing fall of prices. In 2012Q2, the NR was priced at USD5,225/ton, while the figure in 2012Q4 dropped to USD2,998/ton, down 43%; in 2011Q3, SR was priced at USD4,021/ton, while the figure in 2012Q4 declined by 18% to USD3,309/ton. Due to the market demand at low ebb as well as the oversupply of NR, there is little possibility that the prices will rebound. And it is estimated that the prices in 2013 will linger at a low level or even see further drop.
Key Topics Covered:
1. Global Automobile Industry
2. Global Automobile Market
3. China Automobile Market
3.1 Overview of Automobile Market
3.2 Passenger Vehicle Market
3.3 Commercial Vehicle Market
3.4 Automobile Market Pattern
4. Global Tire Market
4.1 Global Tire Market Size
4.2 Global Tire Market by Region
4.3 Ranking of Global Tire Vendors
4.4 Tire Market in America
4.5 Tire Market in India
4.6 China Tire Market and Industry
5. Major Tire Vendors Worldwide
For more information visit http://www.researchandmarkets.com/research/rhswj3/global_and.
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