Share of China’s Wheel Balance Weight Export in 2023

It is reported that the export share of tire wheel balance weights made in China is expected to continue to strengthen until 2023. This is mainly due to the rapid development of China's manufacturing industry in the past few years and the increasing demand for tire wheel balance weights in the international market.

Against the background of the rapid development of China's manufacturing industry, some domestic auto parts manufacturers have begun to increase their investment in the research and development and production of tire wheel balance weights. While the production and technical levels are steadily improving, some wheel balance weight manufacturers have also begun to expand foreign markets. The popularity and credibility of Chinese tire balance weights in the international market have gradually increased, and the market demand in countries and regions along the "Belt and Road" with relatively favorable export policies has also increased significantly.

On the other hand, with the rapid development of the global automotive industry, especially in Europe and the United States, the market demand for tire balance weights is increasing. Under this general trend, Chinese manufacturers have stepped up their efforts to open up the international market, while strengthening quality and brand control in order to better compete with the international market and improve the quality and technical content of exported products.

Therefore, it is expected that China's export demand for tire wheel balance weights will continue to grow in 2023, gaining a higher market share, while further improving manufacturing technology and product quality to meet the needs of the international market.