Auto parts export information, come to know the latest market trends!
Auto parts export information, come to know the latest market trends!
Auto parts processing (auto spare parts) are the units that constitute the whole of auto parts processing and the products that serve the auto parts processing. Auto parts as the basis of the automotive industry, is a necessary factor to support the sustainable and healthy development of the automotive industry.
In July 2022, China's auto parts exports of $ 8.94 billion, up 8.8% YoY, up 29.5% YoY, accounting for 61.4% of total exports of automotive goods. In the main export varieties of auto parts, compared with the previous month, the four major categories of auto parts export value are growing, including engines and automobile and motorcycle tires growth rate is more obvious; compared with the same period last year, the four major categories of auto parts varieties continue to maintain double-digit faster growth, including automobile and motorcycle tires growth rate is faster.
From January to July 2022, China's exports of automotive parts and components of $ 53.03 billion, up 13.3% year-on-year, accounting for 62.4% of total exports of automotive goods. In the main export varieties of auto parts, compared with the same period last year, the export amount of engines decreased slightly, and the other three categories of auto parts varieties are growing.
1? Auto parts export in 2021
In the export structure of auto parts and components, the export value of key auto parts is $31.864 billion, accounting for 42%; the export value of auto parts and accessories is $27.983 billion, accounting for 37%; the export value of auto tires is $14.344 billion, accounting for 19%; the export value of auto glass and rearview mirror is $1.387 billion, accounting for 2%.
In 2021, China's exports of key automotive parts amounted to $31.86 billion, an increase of 38.5% year-on-year; among them, the export of automobile bodies (including cabs) accounted for 5%; other accessories and frames for motor vehicles accounted for 1%; automotive engine exports accounted for 14%; automotive drive axles (equipped with differential) accounted for 8%, automotive air conditioning and compressor exports accounted for 2%; gearbox exports accounted for 14%; steering system exports accounted for 14%. 14%; steering system exports accounted for 15%; brake system exports accounted for 41%.
2? The development of the number of related enterprises
In recent years, China's auto parts-related enterprise registration volume continues to grow, 2020-2021 auto parts-related enterprise registration volume exceeds 100,000. 2021 auto parts-related enterprise registration volume 16.50 million, an increase of 64.8%. It is expected that the registration volume of auto parts-related enterprises in China will exceed 200,000 in 2022.
3? Analysis of auto parts market in each country
In 2021, China's auto parts exports to the world $75.577 billion, up 33.76% year-on-year; among them, Asia's exports amounted to $27.308 billion, up 29.9% year-on-year, accounting for 36.1%; North America's exports amounted to $16.707 billion, up 32.23% year-on-year, accounting for 22.1%; Europe's exports amounted to $16.534 billion, up 35.87 35.87%, accounting for 21.9%.
U.S. Market
French media forecast: the U.S. electric vehicle market will "take off" in 2022. U.S. automakers are ramping up production and new models are expected to boost the market.
U.S. automakers are ramping up production and new models are expected to boost the market. In particular, the Ford F-150 Lightning, the electric version of the most popular U.S. pickup truck in 40 years. Reservations have exceeded the manufacturer's expectations, and the manufacturer has had to increase production capacity in response. The vehicle is expected to leave the factory 150,000 units per year. This figure is almost four times the initial forecast.
European market
The European electric car market continues to expand.
According to recent data released by Bloomberg New Energy Finance, Europe now accounts for 34 percent of global electric vehicle sales, making it the second largest market in the world after China. According to an automotive consultancy in Sweden, electric vehicle sales in Europe reach 2.3 million units in 2021, up 66% year-on-year, accounting for 19% of all new vehicle sales, compared to just 3.6% in 2019. In just a few years, Europe has become one of the world's most penetrated markets for electric vehicles, and its rapid growth is due to the strong support of relevant policies. Since 2020, Germany, France, Italy, Spain, the United Kingdom and other European countries have launched automotive industry demand stimulus measures to provide subsidies for the purchase of electric vehicles, which has given a strong impetus to the growth of electric vehicle sales. According to statistics, Norway's electric vehicle sales have accounted for 64.5% of total new vehicle sales, with the highest electric vehicle penetration rate in the world. The Norwegian government's climate protection goals and related support policies have played an important role.
Indonesian market
Indonesia overtook Thailand as the largest car market in the Association of Southeast Asian Nations with 887,202 vehicle sales in two years.
The significant growth in vehicle sales in Indonesia is mainly due to the increase in income and purchasing power of the Indonesian economy, which has led to more middle-class people purchasing cars for transportation. With the relaxation of PPKM regulations and the release of the PPnBM-DTP incentive, car sales continue to soar, according to Indonesia News Network on April 6. The growth in vehicle sales has also boosted demand in the parts industry, with demand for auto parts goods in the Indonesian domestic market increasing by 30% throughout the first quarter of 2022.
Auto Parts Industry Growth Outlook
1? Policy favorable industry development
The relevant authorities have acted swiftly on the real difficulties faced by automotive companies. A series of industrial policies, such as the Regulations on Investment Management in the Automotive Industry, the Strategy for the Innovative Development of Intelligent Vehicles and the New Energy Vehicle Industry Development Plan (2021-2035), have increased support and encouragement for China's automotive and auto parts industries.
Shanghai issued two versions of the "Shanghai industrial enterprises to resume work and production epidemic prevention and control guidelines" to promote the auto parts enterprises to resume logistics and transportation and resume work and production, the chain to lead the surface, to help the national auto industry stable operation. Jiangsu Province Department of Industry and Information Technology in the province to stabilize the key industry chain supply chain work task force mechanism, specifically set up a working group to coordinate the automotive industry chain to ensure the supply of auto parts inside and outside the province demand. Zhejiang Province Department of Economy and Information Technology quickly launched the automotive industry chain to protect the emergency work mechanism, mapping the establishment of "Zhejiang Province automotive and parts industry chain supply chain white list" of 214 enterprises.
2? Industry integration and restructuring process accelerated
With the increasingly fierce competition in the domestic auto industry, consumers have become more price sensitive to the car, thus putting forward new requirements for the cost control level of auto parts enterprises. The production of auto parts products has a strong economic effect of scale and brand, through the large-scale organization of production and transportation can effectively reduce production costs, and enhance the product supply capacity and brand awareness. Therefore, through the integration of internal and external resources, to enhance the overall scale and reduce production costs will be one of the core competitiveness of auto parts enterprises to enhance the future.
3? Modularity and light weight to promote industrial change
Due to the increasing competition in the auto industry, the requirements of auto manufacturing level are getting higher and higher, and new technologies such as "modularization" and "lightweighting" are gradually improved and applied to the production process. With the gradual promotion of modular technology, auto manufacturers will significantly reduce the number of auto parts procurement, while promoting the procurement mode from "single product procurement" to "module procurement". Therefore, the future of a single parts product manufacturers may be integrated, or even eliminated by the market. The innovation of core components of automobiles brings development opportunities for excellent parts manufacturers and eventually helps them to achieve overtaking.