In 2023, the re-import of new pneumatic tyres of rubber for buses or lorries to China was measured at 12.00 thousand units. Forecasts indicate a progressive decline from 2024 to 2028, with an average compound annual growth rate (CAGR) of -7.13% over the five-year period. This downward trend suggests reduced reliance on re-importation, possibly due to increased domestic production capability or shifts in demand patterns.
Future trends to watch for:
- China’s vehicle electrification policies might influence tyre import patterns.
- Potential trade policy changes could impact import volumes.
- Technological advancements in tyre manufacturing might reduce the need for imports.