December 23, 2024

Slowdown in development of China's rubber industry in 2012

In 2012, China’s economic growth rate fell below 8% for the first time in nearly 10 years. The rapid growth of the Chinese rubber industry in the past 20 years has also come to an abrupt end. The growth of the industry’s major economic indicators has slowed down significantly.

According to statistics of 443 key member companies of the 11 branches of the China Rubber Association, the current industrial output value was RMB 348.9 billion, which was a year-on-year increase of 0.015; the sales income was RMB 317.759 billion, a year-on-year increase of 1.89%; and the export delivery value was RMB 93.14 billion. , a year-on-year increase of 0.01%; sales revenue of 317.759 billion yuan, an increase of 1.89%; achieved export delivery value 93.134 billion yuan, an increase of 28.09%, a profit of 14.569 billion yuan, an increase of 44.18%; of which 46 losses, losses It was 12.53%; the loss amounted to 680 million yuan, a year-on-year decrease of 17.63%.

The economic performance of the industry in 2012 can be summarized as follows: the growth rate slowed down significantly; production and management achieved stabilization; foreign trade maintained growth, and foreign exchange earned through exports remained basically the same; product structure was optimized, and the scale of enterprises and product concentration were further improved; The indicators rose modestly and corporate profits were better than in the previous year.

In 2012, the total output value of the rubber industry in China was 836.58 billion yuan, a year-on-year increase of 15.5% and a fall of 11.7% from the previous year.

Product output is as follows:

On the export side, according to customs statistics, in 2012, the Chinese rubber industry exported 43.8 billion U.S. dollars, an increase of 7.2% year-on-year, of which tire exports were 15.887 billion U.S. dollars, an increase of 7.6% year-on-year. The export growth rate of truck-child tires is higher than that of passenger cars.

Rubber consumption

In the ranking of the world's top 75 tires in 2012, Hangzhou Zhongce reached US$4.263 billion (2011 sales) for the first time to enter the 10th place. The tire sales of the 22 companies listed on the Chinese mainland totaled approximately 19.77 billion U.S. dollars, which was a significant increase from the 16.727 billion U.S. dollars in 2010 and 13.422 billion U.S. dollars in 2009. This shows that the scale of China's tire companies is increasing, and product concentration continues to increase. Of course, compared with well-known multinational tire companies, there is still much room for improvement in the scale of Chinese tire companies.

In 2012, corporate profits were better than in the previous year, which is rare in recent years. Mainly due to the reduction of natural rubber prices. In 2012, weak market demand caused prices of tires and other products to fall, but also impacted raw material prices. As the prices of tyres and other products have fallen less than rubber prices, tires and other enterprises are still making profits in the trend of producing and selling in Jiangsu. In addition, profits also benefit from the company's technological innovation, structural adjustment and production and operating productivity.

According to statistics of the 367 key enterprises (excluding auxiliaries and skeletons) compiled by the China Rubber Association, profits and taxes rose by 28.09% year-on-year in 2012, and profits increased by 44.18% year-on-year.

Among them, 41 tire companies realized profits and taxes increased by 33.69% year-on-year; realized profits increased by 62.77% year-on-year; profit margin was 4.85%, an increase of 1.84 percentage points year-on-year in 2012. Inventory was down 6.76% year-on-year and 2.05% month-on-month.

At the same time, among the 367 companies in the China Rubber Association statistics, there are still 46 losses, with a loss of 12.53%. Of these, 31 domestically-funded tire companies had 3 losses, with a loss of 343 million yuan, and none of the 10 foreign-funded enterprises suffered losses.

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