Global Sources: Tire exports from China were up 55% in 2005
According to Global Sources, mainland China exported $3 billion worth of tires in 2005 -- up 55% compared to the previous year.
"In 2005, export prices jumped 16%," says Michael Kleist, Global Sources' general manager of content development. "Due to the rising cost of natural rubber, most manufacturers have indicated further price increases in the months ahead."
Among the manufacturers surveyed for the company's sourcing report:
* 13% plan to increase prices by more than 15%.
* 54% plan to increase prices by 5% to 15%.
* 33% expect to raise prices by up to 5%.
Global Sources is a leading business-to-business media company and a primary facilitator of two-way trade with Greater China. The company provides sourcing information to volume buyers and integrated marketing services to suppliers.