In 2023, the re-import of new pneumatic tyres of rubber for motor cars to China stood at 358.12 thousand. The forecast indicates a steady increase over the next five years, starting at 379.32 thousand in 2024 and reaching 463.38 thousand by 2028. Year-on-year growth is expected to be around 5.7% in 2025, 5.3% in 2026, 4.9% in 2027, and 4.6% in 2028. The compound annual growth rate (CAGR) over these years is projected at approximately 5.3%.
Future trends to watch for include:
- Understanding changes in domestic demand versus exports for automotive vehicles, affecting re-import needs.
- Monitoring technological advancements in tyre production that may impact the tyre trade balance.
- Observing geopolitical and economic policies between importing countries and China, which may influence trade dynamics.
