Passenger Car Tyre Market in China
In value terms, passenger car tyre production rose remarkably to $ in estimated in export price. Overall, the total production indicated measured growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The most prominent rate of growth was recorded in 2011 when the production volume increased by %. Passenger car tyre production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The revenue of the passenger car tyre market in China shrank to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $. From 2015 to , the growth of the market remained at a lower figure.