Collective price rise of Japanese and Korean tire enterprises in the first quarter

According to tire world.com, affected by rising costs, tire prices in overseas markets have ushered in a new round of rising tide. In the first quarter of this year, Hantai tire increased the tire price in the European market by 4-5%; Tire prices in the North American market increased by 6%. During the same period, the tire price of Jinhu European market also announced an increase of 5%.

South Korean tire enterprises collectively raised prices in Europe and the United States, while Japanese tire enterprises started on Japan and China. Bridgestone recently announced that from April, it will increase the price of Japanese tires by an average of 7%; Sumitomo rubber and Yokohama rubber also announced plans to raise prices successively before April this year.

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