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How’s the situation for the export of auto parts, including 18 passenger van?

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, including 18 passenger van, 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.

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