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The great phenomenon of Minibus in the first quarter of 2021

Today KINGSTAR going to show you an analysis of the current status and development trend of China minibus export in 2021.

Minibus 2021

1. The decreasing amplitude of bus export more than 30%

According to the data of China Association of Automobile Manufacturers, China exported 41,100 buses (including medium-sized buses and minibusses) in 2020. It was down 34.45% year on year and decreasing expand to 22.83% compared to 2019. In 2020, bus export accounted for 9.4% of the total automobile sales, down by 4.37% year on year. The declining trend of bus export is an important factor that restrains the growth of the whole automobile market.

2. Exports are mainly minibus models

From the percentage of export bus types, the minibus is the most in 2020. It took the percentage of 63.2, following the big bus take the percentage of 29.8. And the least is the medium-sized bus of 7.1%. The main reason should be the price of minibus 2021 is good and could be more widely used. Moreover, the demands of minibus 2021 are quite big.

Minibus 2021

From the changes of export units, the export of medium-sized buses in 2020 reached 2,900 units, with a year-on-year decline of 49.3%. It is the biggest decline. The second decrease is the minibus, export 25,900 units with a decrease of 33.32%. Big bus is the smallest decline, export 12,200 units with a decrease of 32.1%.

3. Export to Egypt accounted for more than 20% of the market

In 2020, Egypt is the largest export market of Chinese bus, accounting for 23.8% of the export market sharing. Saudi Arabia and Peru occupy the second and third respectively. And the percentage is 15.8% and 6.3% of the export market sharing respectively. Other countries or regions are less. On the whole, Chinese bus export to developed countries is less. The advantage of Chinese bus still needs to be further explored. (See more showcase export to Egypt and Salvador)

4. The One Belt and One Road Marketing bucked the trend

From 2016 to 2019, the Chinese bus export to the One Belt One Road countries or regions.
Is increasing year by year, and the export has been declined due to the COVID-19 in 2020, the export unit is 27,700; From the perspective of export proportion, from 2016 to 2020, the Chinese bus export to the One Belt One Road countries or regions is increasing year by year. It reached 67.4% in 2020. This reflects that One Belt One Road countries or regions become the main marketing of China’s bus export.

5. Automobile export marketing pressure getting recovery

As the impact of COVID-19, the export of automobiles has declined 13% from January to December 2020, from the export structure of automobile, the truck has the best performance in 2020, declined 9% year-on-year. Europe marketing stands out for market share growth. It increased 40% compares to the same period of last year, export reached 169,506 units.
Main export marketing is mainly to Saudi Arabia, Mexico, Egypt, the United States, and other markets in 2020, Sweden, the Russian and Australian market also shows strong performance. And even the Belgian market become the incremental core market. In general, the COVID-19 has a certain impact on the export of Chinese automobiles. However, we believe it will get better and better with everyone’s effort.

6. The export of the first quarter in 2021

Time flies, the first quarter of 2021 has passed, truck export still increasing, how’s the status of commercial cars (Bus, minibus 2021 and etc)? It becomes the focus of the automobile industry. According to the data from China Association of Automobile Manufacturers, the sales is 112,000 units in the first quarter of 2021, an increase of 26.9% compares to the same period of last year. The growth rate is only 9% lower than the 78.1% growth rate of the truck marketing in the first quarter. Obviously, the gap between the growth rate of the commercial car (Bus, minibus 2021) market and the truck market in the first quarter of this year is narrowed by 18.2%. In other words, the commercial car (Bus minibus 2021) market is accelerating in the first quarter of this year.

Minibus 2021

You can tell from the above chart, commercial cars (Bus, minibus 2021) increased by nearly 70% (69%) in the first quarter of 2021 compared with the same period of last year, which was 9.1% lower than the trucks. In 2020, commercial cars (Bus, minibus 2021) decreased by 5.6% compared with the same period of last year, 27.3% lower than the trucks of 21.7% increased. That is to say, the gap between the bus (including minibus 2021) growth rate and the truck growth rate that has been soaring has narrowed a lot, indicating that the bus (including minibus 2021) market has the trend of better and better, which will be the highlights of the bus (including minibus 2021) market.

7. Different types of bus performance in first quarter of 2021

Types of bus performance in the first quarter of 2021, minibus marketing increased 81.1% year-on-year, compares with medium-sized bus increased 26.2%, minibus 2021 higher 54.9%, compares with the total bus marketing, minibus 2021 higher 12.1%.

This shows minibus 2021 leading the sales of bus marketing in the first quarter of 2021. In other words, the growth of the bus market in the first quarter is mainly driven by the minibus 2021, which is the biggest contributor to the increase of the bus market.

This situation also explained that the main position of minibus in the bus industry is becoming more and more prominent. And the large and medium-sized bus accounted for more than a downward trend (Large bus accounted for only 7.1%, and compared to the same period declined 3.3%, medium-sized bus only 9.6%, compared the same period declined 1.5%). It shows the trend of turn “Big” to “mini” obviously, and the trend is accelerating, but the large and medium-sized bus is not turning better.



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