Different TBR Market Situation
The truck tire Sales between china and USA, EU in the first half of 2022 is largely different.
Domestic truck tire market: After the introduction of national VI standard on 2021 July 1, the Heavy truck sales plummet. So are the truck matching tires sales. And in 2022 due to the epidemic and high oil price, transportation industry take a hit. So the replacement truck tire is also bad.
USA, EU tire market: In 2022, USA and EU truck tire sales increase largely. From the data of ETRMA, EU sold about 3.6 million PCS TBR tire in the Q2 2022, year-on-year growth 10.6%. Goodyear excellent sales in north American market reflect its good market situation.
In general, different market situation breed different market opportunities. For us, Accurate analysis and judgement could grasp good opportunities.