Tire Output Exceeds 170K Tons

Tire Output Exceeds 170K Tons
Tire Output Exceeds 170K Tons

Iranian firms manufactured 15.91 million tires of passenger, truck, commercial, agricultural, road construction and industrial vehicles weighing 172,109 tons in the current fiscal year’s first eight months (March 21-Nov. 21).
Compared with 16.43 million tires weighing 175,650 tons produced in the corresponding period of last year, this shows a 3% and 2% decline in terms of number and weight respectively.
A total of 99,297 tons of tires for passenger vehicles were produced in the period, which accounted for 57.7% of total production and a 5% fall in terms of number year-on-year, IRNA reported.
The output of pickup truck tires (bias and radial) stood at 18,294 tons, registering a 13% growth YOY.
The production of truck and bus tires hit 37,225 tons, registering a 3% growth YOY.
However, the output of agricultural, road construction and industrial tires registered a decline during the period under review, as the manufacturers produced 2,318 tons of light agricultural tires (down 24% YOY), 11,698 tons of heavy agricultural tires (down 2%) and 3,277 tons of road construction and industrial tires (down 21% year-on-year).
Problems related to transportation of goods from China, exchange rate fluctuations, power restrictions for industries, including tire producers, and the continuous increase in the price of domestic raw materials without the possibility of a proportional increase in tire prices are among the main reasons for the decline in tire production for the third month in a row.
Also, some experts in this field believe that market saturation of radial tires is another reason behind the decline in tire output.
According to the statistics, a total of 12,485 tons of motorcycle and bicycle tires were produced during the period, up 18% compared with last year’s corresponding period.
Inner tubes’ output stood at 6,593 tons, unchanged year-on-year.

Add new comment

Read our comment policy before posting your viewpoints