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Chinese Auto and Spare Parts Export Status in 2020 ~2022 – KINGSTAR

The situation for the export of auto parts in 2020.

How’s the situation for the export of auto parts?

1. In 2020, my country’s exports of parts and components, including 18 passenger van, will drop more than the entire vehicle.

18 passenger van

Since 2015, the export of my country’s auto parts (including key auto parts; spare parts; glass; and tires; the same below) has not fluctuated much. Except for the 2018 export value, including 18 passenger van. It exceeded 60 billion U.S. dollars, all other years fluctuated around 55 billion U.S. dollars. Also, it was similar to the annual export trend of complete vehicles. In 2020, the total export volume of my country’s auto products will exceed US$71 billion. And the parts and components accounting for 78.0%. Among them, the export value of complete vehicles was US$15.735 billion, a year-on-year decrease of 3.6%. What’s more, the export value of parts and components was US$55.397 billion; a year-on-year decrease of 5.9%. It was higher than that of complete vehicles.

Compared with 2019, the monthly difference in parts exports in 2020 is obvious. Affected by the epidemic, exports fell to a trough in February, but returned to the same period last year in March; due to weak demand in overseas markets, they continued to decline for the next four months. And then stabilized and recovered in August. Exports continued to run at a high level from September to December. .  Compared with the export trend of complete vehicles parts and components rebounded to the level of the same period of the previous year one month earlier than complete vehicles. It shows that parts and components are more sensitive to the market.

2. The export of auto parts is mainly key parts and spare parts.

In 2020, my country’s exports of key parts for automobiles were US$23.021 billion, a year-on-year decrease of 4.7%, accounting for 41.6%; the export of parts and accessories was US$19.654 billion, a year-on-year decrease of 3.9%, accounting for 35.5%; and the export of automotive glass was US$1.087 billion. A year-on-year decrease of 5.2%; automobile tire exports were 11.635 billion US dollars, a year-on-year decrease of 11.2%. Automobile glass is mainly exported to traditional automobile manufacturing countries such as the United States, Japan, Germany, and South Korea. The main export markets for automobile tires are the United States, Mexico, Saudi Arabia, and the United Kingdom.

Specifically, the main types of key exports are frame and brake systems, with exports of 5.041 billion and 4.943 billion US dollars. Mainly to the United States, Japan, Mexico, and Germany. In terms of parts and accessories, body panels and wheels will be the main export categories in 2020. And the exports of 6.435 billion and 4.865 billion US dollars. The wheels are mainly exported to the United States, Japan, Mexico, and Thailand.

3. The export markets are concentrated in Asia, North America, and Europe.

Asia (this article refers to the rest of Asia without China, the same below), North America, and Europe are my country’s main export markets for parts and components.

In 2020, my country’s largest export market for key parts in Asia, with an export value of 7.494 billion U.S. dollars, accounting for 32.6%; followed by North America, with an export value of 6.076 billion U.S. dollars, accounting for 26.4%; exports to Europe 59.02 Billion US dollars, accounting for 25.6%. In terms of spare parts, including 18 passenger vans, exports to Asia accounted for 42.9%; exports to North America were US$5.065 billion, accounting for 25.8%; exports to Europe were US$3.371 billion, accounting for 17.2%.

Although there are trade frictions between China and the United States, my country’s exports of parts and components to the United States. It will decline in 2020, but whether it is key parts or not, the United States is still our largest exporter. These two items are exported to the United States.

The proportion is about 24%, and the total export value exceeds 10 billion US dollars. Among them, the main export products of key parts, including 18 passenger vans are brake systems, suspension systems, and steering systems. Moreover, the main export products of parts and accessories are aluminum alloy wheels, car bodies, and electric lighting devices. Also, other countries that export more key parts and accessories include Japan, South Korea, and Mexico.

 4. RCEP agreement regional auto industry chain export relevance.

Firstly, in 2020, within the RCEP Agreement (Regional Comprehensive Economic Partnership Agreement) area. Such as Japan, South Korea, and Thailand are the top three countries in the export of my country’s automobiles, including 18 passenger van key parts and spare parts. The products exported to Japan are mainly aluminum alloy wheels, bodies, ignition wiring units, brake systems, airbags, etc.; the products exported to Korea are mainly ignition wiring units, bodywork, steering systems, airbags, etc.; the main exports to Thailand are car bodies, aluminum Alloy wheels, steering systems, braking systems, etc.    

Secondly, according to OICA (World Automobile Organization) estimates, the number of global cars, including 18 passenger van, will be 1.491 billion in 2020. The ever-increasing inventory provides a strong business channel for the automotive aftermarket. It means that there will be more after-sales service and maintenance needs in the future. My country’s parts and components companies need to seize this opportunity.

Finally, the automobile industry, including 18 passenger van, is experiencing the largest window of development in a century. As the upstream and downstream automobiles of the industry chain, the auto parts industry including 18 passenger van is moving along with it. It is in a dynamic process of integration, reorganization, and competition, and needs to seize opportunities. Strengthen oneself, make up for shortcomings. Adhering to independent development and taking the road of internationalization is the inevitable choice for the upgrading and upgrading of the industrial chain of my country’s automobiles.

The economic operation of the mini bus manufacturer in January 2021

How about the economic status of bus manufacturer?

In 2021, under the strong leadership of the Party Central Committee with Xi Jinping at its core, all regions and departments will continue to do a good job in the “six stability” work and fully implement the “six guarantees” tasks. China’s economy will shift from a structural recovery to a full recovery, and the economy will grow. The endogenous power will be further enhanced.

bus mini

All regions and departments have actively responded, scientifically prevented, and controlled.

Since January, although local clusters of epidemics have occurred successively in many places in my country. As well as the production and operation of some enterprises have been temporarily affected to some extent. All regions and departments have actively responded, scientifically prevented, and controlled. Moreover, they implemented precise policies to continue to coordinate epidemic prevention and control and economic and social development. Therefore, the overall national macroeconomic situation remains stable, and the business climate continues to remain in the expansion range.

In this context, the automobile industry has continued a good development trend. From the perspective of market conditions, overall demand remained stable. At the same time, since the Spring Festival last year was in January, the base was low, and this month’s car sales (including bus mini) showed substantial growth. In them, the contribution of passenger car sales growth remained within a reasonable range, and the sales of commercial vehicles (including bus mini) were driven by trucks, and monthly sales broke the historical record of the month for 10 consecutive months.

New energy vehicles development

New energy vehicles (including bus mini) continue to continue the development trend of the second half of 2020. Sales this month have increased by nearly 2.5 times year-on-year, and sales have set a new historical record for the month for 7 consecutive months. Exports of automobiles (including bus mini) also continued to recover. Following the two consecutive months of export volume in November and December last year, the export volume set a new historical record this month.

Specifically, the operation of the automobile industry in January 2021 roughly shows the following characteristics:

The production and sales of automobiles (including bus mini) increased significantly year-on-year

In January, the production and sales of automobiles were 2.388 million and 2.503 million respectively. Also a decrease of 15.9% and 11.6% from the previous month, and a year-on-year increase of 34.6% and 29.5%.

There are two reasons for the sharp year-on-year growth in production and sales this month. First, the current market demand is still recovering. Second, the base level is low due to the 2020 Spring Festival holiday in January and the impact of the epidemic at the beginning of last year. Judging from the month-on-month comparison, the rapid decline in production month-on-month reflects that the insufficient supply of automotive chips has affected the company’s production rhythm.

 2. The production and sales of passenger vehicles increased significantly year-on-year

In January, the production and sales of passenger vehicles were 1.91 million and 2.045 million. And down 18.1% and 13.9% month-on-month, and up 32.4% and 26.8% year-on-year.

From the specific data, the production and sales of cars increased by 38.2% and 31.6% respectively; the production and sales of SUVs increased by 29.8% and 25.2% respectively; sales of MPV increased by 18.3% and 8.6% respectively, and sales of cross-type passenger vehicles decreased by 4.8% and 18.1%.

In January, the sales volume of domestically produced luxury cars was 329,000, an increase of 58.2% year-on-year. Furthermore, we continued to maintain the leading growth rate.

3. The monthly sales of commercial vehicles (including bus mini) hit a record high

In January, the production and sales of commercial vehicles were 478,000 and 458,000, respectively. Production decreased by 6.1% month-on-month, sales increased by 0.5% month-on-month. As well as production and sales increased by 44.3% and 43.1% year-on-year, respectively.

 From the perspective of segmented models, the production and sales of trucks this month were 443,000 and 422,000. The number shows up 46.4% and 44.3% year-on-year respectively. It completed 35,000 and 36,000 vehicles. It is a year-on-year increase of 22.4% and 30.1% respectively.

4. Monthly sales of new energy vehicles hit a record high

In January, the production and sales of new energy vehicles (including bus mini) were 194,000 and 179,000 respectively. Also a decrease of 17.8% and 27.8% from the previous month. Moreover, an increase of 285.8% and 238.5% from the same period last year. New energy vehicles continue to refresh the single-month sales record, which has been 7 consecutive months.

Among them, the production and sales of pure electric vehicles were 166,000 and 151,000, an increase of 366.6% and 287.8% year-on-year; the production and sales of plug-in hybrid vehicles were 28,000 and 29,000, an increase of 92.4 year-on-year. % And 104.7%; the production and sales of fuel cell vehicles were 29 and 63 respectively; a year-on-year decrease of 80.0% and 63.2% respectively.

5. The market share of Chinese brand passenger vehicles has risen

In January, the sales of Chinese brand passenger vehicles declined from the previous month and showed rapid growth year-on-year. A total of 867,000 vehicles were sold that month, an increase of 42.6% year-on-year, accounting for 42.4% of total passenger vehicle sales, an increase of 4.7 percentage points from the same period last year.     

6. Decline in market concentration of key enterprise groups

In January, the sales of the top ten enterprise groups in automobile sales totaled 2.251 million vehicles, an increase of 26.9% year-on-year, accounting for 89.9% of total automobile sales, 1.8 percentage points lower than the same period last year.

7. Year-on-year growth in automobile exports (including bus mini)

In January, automobile companies exported 119,000 vehicles (including bus mini), a decrease of 17.6% from the previous month and an increase of 73.0% from the same period last year. This month’s exports set a new monthly export record. In terms of vehicle types, passenger vehicle exports were 91,000 units this month, down 21.5% month-on-month and up 76.9% year-on-year; commercial vehicle exports (including bus mini) were 28,000 units, down 1.7% month-on-month and up 61.7% year-on-year.

Looking forward to the first quarter, although my country’s economic development situation is generally good, there are still many uncertainties in the epidemic and the external environment, especially the tight chip supply that has occurred since the end of last year, which will also have a certain impact on global automobile production for a period of time, which in turn affects the stability of the operation of my country’s automobile industry .

The end of 2020 has strong momentum, and at the beginning of 2021, KINGSTAR new minibus will be more robust

The new minibus is quite welcome in the worldwide market. KINGSTAR delivered 4,020 units to worldwide customers from 2004 to the end of 2020. We are looking forward to the next chapter — 2021, full of new expectations.

We are making continuous progress.

As the year 2021 is coming, KINGSTAR has launched a New Year activity to encourage people to look forward to 2021 positively. The event left more than 3 million impressions and attracted more than 15,00 people to participate and share their wishes, leading people through the wonderful year of 2020 and reviewing the achievements of KINGSTAR in this extraordinary year.

The unprecedented year 2020 will surely be a pivotal moment in history. In facing the epidemic, KINGSTAR assumed social responsibility in the global fight against the epidemic. We carry out donations around the world. Since the outbreak of the epidemic, KINGSTAR has sent anti-epidemic materials and comprehensive prevention and control experience to 25 countries in Asia, Europe, America, Africa, and the Middle East, benefiting more than a 0.3million people and strengthening international ties.

KINGSTAR minibus is also making continuous progress in the field of intelligent technology to meet challenges with innovation. In the industry downturn, KINGSTAR maintains a rapid growth in global influence. We won customer support worldwide. -We shipped 200 units to South America and more than 200 units to Africa.

KINGSTAR provides high-quality products, comprehensive solutions, and all-around services. Meanwhile, we provide a better public travel experience for people around the world. KINGSTAR’s brand value is “Minibus makes life better”. KINGSTAR focuses on no limit to products, but also jointly build a greener. We are looking for a more intelligent and more efficient minibus industry in the future. We believe our efforts will never be wasted. KINGSTAR will definitely trigger better energy saving, environmental protection, new energy vehicle era!

new minibus



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