According to the latest data released by the General Administration of Customs, from January to August 2021, the export value of auto parts products was 316.58 billion yuan, a year-on-year increase of 34.6%, and compared with the export value of 31.22 billion yuan in the same period in 2019, it increased even more, more than 9 times. Many auto parts processing companies in China have successively announced their financial reports for the first half of 2021. On the whole, these companies have achieved gratifying performance in the first half of the year, and most of them have achieved both revenue and net profit growth, with the highest increase even reaching 10391.43%.
As for the reasons why China's auto parts exports have grown against the trend, the editor believes that there are mainly the following reasons:
1. The epidemic prevention and control are done well
China's epidemic prevention and control is relatively good on a global scale, and domestic production and living order can be better maintained, which is also conducive to the stable operation of production.
2. Resumption of previous orders
Thanks to China's good epidemic control, some orders that were lost last year have been seeking cooperation again this year.
3. The overall inventory rate of overseas terminal markets is low
The global epidemic has severely impacted overseas auto parts companies, and their inventory ratios are low. Domestic export parts companies rely on stable production capacity and cost advantages to fill vacancies in the international market and increase market share. Especially since entering the second half of the year, the order volume has increased significantly.
4. Strong demand in the after-sales market for new energy vehicles and maintenance
Experts pointed out that more than 70% of China's auto parts exports are used in the independent after-sales market of automobiles. The automotive after-sales market has grown very fast in recent years, with the increase in vehicle ownership and the increase in the service life of vehicles, which will drive the demand for auto parts. In addition, the development of new energy smart cars and the rising trend of high-end brands have also increased the demand for auto parts.
What is the situation of domestic parts manufacturers?
From January to August, the export of auto parts and accessories increased by more than 30%, and the production line of the enterprise was running at full capacity
Yejia Precision Machinery Co., Ltd., located in Dongguan, a famous manufacturing city in southern China, has an order growth rate of more than 90% this year.
It mainly produces auto parts and 3D printer parts using carbon steel/alloy steel and aluminum alloy as raw materials. The raw materials need to be cut/roughed, to CNC milling/grinding, and then to oxidation or heat treatment/packaging, The whole workshop is a busy scene. Due to the increase in orders, the company added the second factory of Yejia in the second half of last year to expand the scale. Newly purchased new CNC machining center/CNC gantry machining center/CNC lathe/vertical milling machine/water mill and other production equipment, equipped with the original three-coordinate measurement and the newly purchased electronic altimeter/imager and other complete sets of inspections Equipment, large-scale production and modern management have greatly improved production efficiency, and the company's turnover in the first half of the year has doubled compared with the same period last year.
