U.S. Customs data shows that from January to February 2024, U.S. tire demand showed weakness.

The import volume of semi-steel tires fell by 17% (year-on-year, the same below) to 27.66 million units, 

the import value fell by 24.8% to US$1.66 billion, and the average price dropped by 9.4% to US$60 per tire. 

The top 10 importing countries are Thailand, Mexico, Vietnam, Indonesia, Canada, South Korea, Japan, Cambodia, Chile and the Philippines, 

accounting for 83% of total imports. Among them, the quantity imported from Thailand, Vietnam and Cambodia increased by 12.1%, 30.0% and 52.5% respectively, 

reaching 7 million, 2.71 million and 1.28 million.

The import volume of all-steel tires fell by 5.6% to 10.07 million units, 

the import value dropped by 19.3% to US$1.20 billion, and the average price dropped by 14.5% to US$118.74 per tire. 

The top 10 countries by import volume are Thailand, Vietnam, Canada, Japan, Cambodia, Indonesia, Mexico, South Korea, China and the Philippines. 

Among them, the quantity imported from Thailand, Vietnam and Cambodia increased by 15.2%, 30.4% and 158.2% respectively, reaching 3.13 million, 1.46 million and 600,000. 

The quantity imported from China fell by 37.8% to 340,000.

The import volume of non-highway tires decreased by 1.8% to 6.05 million units, 

and the number imported from China decreased by 1.2% to 3.53 million units, 

accounting for 58% of the total import volume, ranking first in import volume.