23 Aug 2021
Industry
Following more than a year of an anti-dumping investigation into tires imported from Thailand, the US has finally ruled that passenger vehicle and light truck tires imported from Thailand are subject to anti-dumping (AD) duties. As a result, prices of such Thai tires in the US have risen, although the overall Thai tire exports to the US, thus far, has yet been affected much because other types of Thai tires sold in the US have been spared the AD duties. These include heavy truck tires that continue to perform well there. Given this, we at KResearch expect that the value of Thai tire shipments to the US will grow at least 2.6 percent YoY during 2021. However, the US AD duties imposed on Thai tires may hurt future investment in the Thai tire industry and in turn tire exports to the US (primarily for the REM market).... Read more
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14 Jan 2021
On December 30, 2020, the US Department of Commerce announced affirmative preliminary determinations in the antidumping duty (AD) investigations of passenger vehicle and light truck tires (passenger tires) from Thailand, Taiwan, South Korea and Vietnam. It preliminarily determined that exporters from such countries have dumped passenger tires in the US. Its final determinations in these cases are scheduled for mid-2021. In the meantime, importers of passenger tires from these nations are required to pay AD duties at the rate of 13.25-22.21 percent. ... Read more
16 Nov 2018
Currently, Thailand is the world’s third largest auto tire exporting country after China and Germany. In 2017, Thai auto tire shipments reached over USD3.9 billion. We at KResearch are of the view that the Thai auto tire industry will undergo a major change again in the near future as Thailand will be able to export more auto tires to North America following China’s steady investments here to avoid the US trade barriers on auto tires imported from its rival countries. This protectionism is intended to attract more investments into the US.... Read more