Current situation of auto parts industry

Current situation of auto parts industry
According to the customs import and export data collated by China Association of Automobile Manufacturers, in 2014, China's automobile commodity export value continued to maintain a small growth, the cumulative export value of 84.314 billion US dollars, a year-on-year growth of 7.08%. Among them, the export value of auto parts was 64.617 billion US dollars, with a year-on-year growth of 8.02%, which slightly slowed down compared with the previous year; Accounting for 76.64% of the total automobile exports, the share increased by 0.36 percentage points compared with last year. The proportion of total vehicle exports was only 15.23%, much lower than that of parts exports. Overall, 2014 auto parts export situation is good. The export of parts and components has become the main factor driving the growth of automobile commodity export.

Four categories of auto parts (engine, auto parts, accessories and body, automobile, motorcycle tires, other auto related products), the export value showed an annual increase over the previous year, in which the export of engine was 3.662,200 units, a year-on-year increase of 10.56%; The export value was 1.68 billion US dollars, up 6.69% year on year; The export value of auto parts, accessories and body was 35.359 billion US dollars, with a year-on-year growth of 11.96%, which was significantly higher than that of last year. The export value of automobiles, motorcycle tires and other car-related goods grew slower than last year, with the export value of $15.151 billion and $12.427 billion, respectively, up 1.83% and 5.43%.
Based on the export data from January to December 2014, the export volume of auto parts, accessories and body still accounts for half of the four categories of auto parts. Overall, the product mix of exports has not changed much, and the added value of export products has not increased significantly.

In addition, from the performance of seven major parts exported by China Automobile Association (electronic fuel injection device, body, seat belt, airbag device, transmission, transaxle, shock absorber), electronic fuel injection device showed a serious decline, with the total export of 3.128 million sets, down 69.92% year-on-year. The other six categories showed a certain growth, among which the export amount of seat belts, transaxle and shock absorbers achieved a double-digit growth year on year, the overall performance is relatively good, and the remaining three categories achieved a small growth.