The import value of new pneumatic tyres of rubber for motor cars to China was USD 722 million in 2023. Forecasts from 2024 to 2028 show a consistent upward trend with values reaching USD 832 million by 2028. The year-on-year growth rates are approximately 3.24% for 2025, 3.07% for 2026, 2.93% for 2027, and 2.78% for 2028. The compound annual growth rate (CAGR) over the five-year forecast period is around 2.95%, indicating steady growth in demand.
Future trends to watch include:
- Impact of technological advances in tyre manufacturing on demand and pricing.
- Changes in China's economic policy, especially regarding imports and automotive industry regulations.
- Environmental regulations influencing tyre material and designs.
- Shifts in consumer preferences towards electric vehicles, affecting tyre specifications and imports.
