According to importers, Chinese tyres now account for 85 percent of the market in Pakistan, up 45 percent from two years ago.
In 2018, Chinese automobile tyres accounted for 40% of the market, 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 recently increased to 65-70 percent.
China also controls the truck/bus tyre industry, with a market share of over 75%, up from 40% two years ago.
“Mushroom growth has been seen in the number of dealers who are constantly flooding the market with Chinese tyres,” said Azim K. Yousufzai, former head of the Pakistan Tyre Importers and Dealers Association (PTIDA).
He stated that the government cut the regulatory duty (RD) from 35 percent to 10-20 percent for various categories of imported tyres imported two and a half years ago, which boosted legal imports.
