According to importers, Chinese tyres now account for 85 percent of the demand in Pakistan, up 45 percent from two years ago.
In 2018, Chinese car tyres accounted for 40% of the industry, but that figure has since risen to 85%. China had a 30-40% market share in light truck tyres two years ago, but it has now increased to 65-70 percent.
China also dominates the truck/bus tyre market, with a market share of over 75%, up from 40% two years ago.
“Mushroom growth has been noted in the number of dealers who are regularly flooding the market with Chinese tyres,” said Azim K. Yousufzai, former chairman of the Pakistan Tyre Importers and Dealers Association (PTIDA).
He added that the government reduced the regulatory duty (RD) from 35 percent to 10-20 percent for different categories of imported tyres imported two and a half years ago, which facilitated legal imports.
