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Rubber industry economic operation remains stable
Release time:
2023-08-03 15:27
Source:
In 2018, the overall economic operation of China's rubber industry remained stable. Due to the decline in domestic automobile production and sales and the adjustment of logistics and transportation modes, the rubber tire products market was affected accordingly. Based on the statistical data, China Rubber Industry Association expects the annual main business revenue of major member enterprises to increase by about 5% year-on-year, profit to increase by about 25% year-on-year, export delivery value to increase by about 8% year-on-year, and profit margin of sales revenue to be about 5%. Among them, the tire industry as a result of raw material prices throughout the year is basically in a stable trend, labor, energy, environmental protection and other costs are basically controllable, the rigidity of the internal and external demand market to ensure that the basic capacity to play, the appreciation of the U.S. dollar so that the export earnings improved, overseas factories with good benefits, coupled with the previous year's base is relatively low, although the tire production is basically the same as in the previous year, but it is expected to benefit from better than in the previous year.
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