The Eurasian Economic Commission has decided to impose anti-dumping duties of 11–22% on truck tires from Thailand and Vietnam for five years. The investigation was initiated by Belshina, Cordiant, and Nizhnekamsk Truck Tire Plant, Kommersant writes.
For Thai Prinx Chengshan and Maxxis International, a rate of 17.05% is proposed, for other manufacturers in the country — 22.37%. For Vietnamese Jinyu — 11.31%, Vietnam COFO Tires — 14.99%, Sailun — 16.48%, Advance Tyre and others — 17.25%. In 2022–2024, the production of truck tires in the EAEU decreased by 5.6%, capacity utilization fell by 4.9%, and profit from sales — by 58.7%. Imports from Thailand and Vietnam did not decrease even with falling demand.
Importers Profsnabservis and Russkie Shiny indicated that the capacities of EAEU factories cover only half of the demand, and duties will lead to price increases and a narrowing of the assortment. The EEC believes that, taking into account Kazakhstan's Tengri Tyres, available capacities cover a significant part of imports.
Experts note that manufacturers will restore profitability, but transport companies will face increased operating costs, which may affect transportation tariffs. Some Thai and Vietnamese factories are part of Chinese holdings — duties of 14.79–35.35% are already in effect on tires from China in the EAEU.
Read more on the topic:
- Chinese Tires Strangle Domestic Producers - The EAEU Wants to Introduce Prohibitive Duties
- Tires started to be 3D printed: Cordiant will shorten the path from idea to conveyor belt
- "Plans look very optimistic": Belshina to increase tire production by 20%