Eurasian Economic Commission has launched an antidumping investigation on bus and truck tyres imported from China

Eurasian Economic Commission has launched an antidumping investigation on bus and truck tyres imported from China

Vedomosti – The Eurasian Economic Commission (EEC) has announced that an antidumping investigation has started on Chinese origin bus, truck, trolleybus and trailer tyres. The investigation has started following the appeals from Russian and Belarusian tyre manufacturers: Tatneft, Kordiant and Belshin.

According to EEC data, the tyre imports to the Customs Union, formed of Russia, Belarus and Kazakhstan, have increased by 29.8, while Chinese imports increased by 36.3%. The share of Chinese brands in imported tyres market has reached 64% in 2013 and the dumping margin to 198%. The truck tyres market has grown by 5.1% in Customs Union countries, in contrast with the 9.2% shrinkage in domestic production and 17.1% decline in the sales of domestically manufactured tyres. Thereby, the market share of domestically manufactured tyres has declined by 11.1%.

EEC statement is as follows: “In order to compete with Chinese tyres, the factories within the Customs Union area had to reduce the prices of their products. As a result, the profitability rates of these enterprises have fallen.”

According to Avtostat data, 7.24 million truck tyres have been sold in Russia in 2013. No increase is anticipated in the number of tyres to be sold in the components market this year. A shrinkage of 15%-20% is predicted in the number of tyres to be supplied to production lines, on the other hand.

Antidumping investigations usually take a year.