U.S. Tire Industry Sees Growing Number of Imports from Thailand, Vietnam - Tire Review Magazine

U.S. Tire Industry Sees Growing Number of Imports from Thailand, Vietnam

The U.S. tire industry saw a big jump in imports from Brazil, Thailand and Vietnam in 2017, according to the U.S. International Trade Commission.

The U.S. tire industry saw a big jump in imports from Brazil, Thailand and Vietnam in 2017, according to the U.S. International Trade Commission.

Vietnamese imports rose by over 60% – from more than $260 million to $422 million – between 2016 and 2017. U.S. imports from Vietnam have also increased by six times since 2014 in terms of the dollars.

Thailand made major gains, adding over $400 million in imports from 2016 and leapfrogging South Korea and Canada to take the second position on Tire Review‘s list of 2017 Top Importers for Tire Manufacturing. Although India has not imported as many tires by dollar value into the U.S. as China, Thailand and Canada, the country grew its U.S. exports by 21.2% from 2016 to 2017.

In 2017, China continued to lose ground on U.S. exports, dropping another $200 million and now holding only a slim margin against Thailand as the top importer of tires into the U.S. market.

To see how imports of tires into the U.S. had changed over the years from different countries, take a look at the chart below.

2017 U.S. Tire Imports by Country

You May Also Like

Tire Industry Labor Shortage: Improve This to Keep Employees

I’ve spoken to many representatives from manufacturers, wholesalers and retailers who report that techs, counter people, drivers and even white-collar team members have walked off the job, failed to report, or given notice, and their businesses have been impacted by these departures. This isn’t just a tire industry issue—and goes beyond the tech shortage that

Tire Industry-Labor Shortage-Great-Resignation

I’ve spoken to many representatives from manufacturers, wholesalers and retailers who report that techs, counter people, drivers and even white-collar team members have walked off the job, failed to report, or given notice, and their businesses have been impacted by these departures. This isn’t just a tire industry issue—and goes beyond the tech shortage that has plagued the industry for decades.

Consider Software Solutions to Streamline Operations

Representatives from several software providers share how solutions drive efficiency and profitability, as well as what to look for when considering a system in your shop.

software-solutions-stock
How Data, Analytics Can Boost Profitability for Tire Retailers

By collecting and analyzing data about a dealer’s sales history, inventory levels and market demand, data and analytics platforms can analyze the performance of each dealer’s store and recommend actionable improvement opportunities.

How to Start the PPP Loan Payback Process

For many PPP loan recipients, it is time to start the repayment process—or file for PPP loan forgiveness. Read on to find out which portion of your loan may be forgivable and how to apply for forgiveness, as well as how to start the repayment process.

Creating a Positive Work Environment

Larry Sutton of RNR Tire Express shares seven different practices that have helped him create a positive work environment.

Other Posts

Yokohama Expands Passenger Tire Capacity at India Plant

Yokohama’s increased passenger car tire capacity will come out of its Visakhapatnam Plant in eastern India.

Yokohama India plant
China Tire Industry Still Recovering from COVID Lockdowns

China has been the largest global producer and consumer of tires since 2005. Tire production and consumption has registered very healthy growth in the 21st century, yet in the last few years, especially the last two, the market has proven to be very challenging for domestic and foreign companies operating in the country. Related Articles

China-COVID-lockdowns
Marangoni Welcomes First Franchisee in India

Marangoni Group established its first exclusive franchisee in north India. The business, Manoj Tyres, an existing retreader at Kanpur, sourced retreading material from two Indian retreading companies before switching exclusively to Marangoni India. The companies commissioned a new greenfield facility with new equipment, including Marangoni’s RingTreader RT920. Related Articles – Yokohama Rubber partners with Haupt

Manoj-Tyres-team-with-Marangoni-India-team
Tire Industry in India: Exports Remain a Pillar of Growth

Supported by a vibrant domestic automotive industry, the Indian tire industry has been among the fastest-growing on a global scale during the past decade. With a total of 66 production plants and 41 tire producers (in all the sub-segments), the Indian tire industry registered a turnover of $8.5 billion in the financial year 2020-21. Exports

India-Tire-INdustry-exports-1400