After more than a year of deliberation，The United States finally imposed anti-dumping duties (AD) on Thai car tires and light truck tires，Driving up the price of such Thai tires in the US market，However, it will not affect Thailand's tire exports to the United States in 2021，As heavy truck tires and other are not affected by anti-dumping duties，Tire exports are still growing strongly。Kaitai Research Center predicts that in 2020, Thailand's tire exports to the United States will be at least 2.The rate of growth of 6%, but the future implementation of anti-dumping duties may affect the investment of the tire industry and Thailand's investment in the United StatesTire outletMost of these tires are supplied by alternative equipment manufacturers。
Keithresearch believes that in the future, the investment and production of large Japanese and Western auto brands in Thailand will be limited, because they tend to invest more in the United States and the United States and Canadian agreements。However, Chinese-branded tires investing in Thailand will have the opportunity to increase their investment and diversify into markets outside the United States, thus accelerating economies of scale, while new Chinese brands have more investment destinations such as Vietnam and Indonesia。
For supplying the original manufacturer (OEM) market for tires，Although it accounts for only 10% of Thailand's total tire production，However, there is still an opportunity for major tire brands that target the Thai original manufacturer market with marketing activities to expand investment，This is to support Thailand's growing car production，Thailand, in particular, will become the center of automotive production in the region。
According to estimates by the Kaitai Research Center, Thailand's vehicle production will increase from 1.64 million in 2021 to 2.5 million in 2030 and 3 million in 2040。Japanese and Western automakers have adjusted their plans to make Thailand an export car production center。At the same time, Chinese automakers plan to gradually invest and produce right-handers in Thailand as a production base for exports to the global market。However, in the next three years, the pace of investment expansion will gradually accelerate, as domestic auto production is under pressure from the slowing economic environment in Thailand and the global market due to the COVID-19 outbreak。
In the long run, in order to reduce the impact of anti-dumping duties, it is more necessary to increase the automation system in the production process to reduce costs。In addition, in the long term, finding new target markets such as electric/hybrid vehicles may help to expand new markets and create more investment and export opportunities。At the same time, accelerating FTA negotiations directly or indirectly with Thailand's major automotive tire market countries could help reduce the impact of the Sino-US geopolitical conflict on future investment。