The forecasted export value of rubber tyres from China shows a consistent upward trend from 2024 to 2028, increasing from $15.43 billion in 2024 to $16.23 billion in 2028. This data indicates a steady annual growth rate of approximately 1.25%. In 2023, the actual export value stood at $15.23 billion, marking a year-on-year growth of 1.31% from 2023 to 2024. Over the next two years, from 2025 to 2026, the exports are expected to grow by 1.30%, while the CAGR from 2024 to 2028 is projected to be approximately 1.29%.
Future trends to watch for include the impact of global trade policies on export markets, technological advancements in tyre manufacturing, and the potential influence of environmental regulations on rubber tyre production and exports. Additionally, fluctuations in raw material costs and shifts in consumer demand towards electric vehicles are crucial factors that could affect the export dynamics in the coming years.
