According to customs statistics, Guangdong Province exported 1.23 billion U.S. dollars of auto parts in the first seven months of 2010, an increase of 39.2% from the same period in 2009 (the same below). In the first 7 months, the reasons for the continued growth of auto parts exports in Guangdong are:
First, sales in the major automobile sales markets have maintained rapid growth. In July, sales of automobiles and light trucks in the US rose 5.1% year-on-year to 1,099,000 vehicles. According to forecasts, if annualized at this rate, the sales volume of the US auto industry in 2010 is expected to reach 11.98 million, which is higher than 11.24 million in 2009. The Japanese Government’s car purchase policy stimulus measures continued to play its role. New car sales in July rose by 15% year-on-year to 333,000 units, which rose for 12 consecutive months. Sales of new cars in Germany in the first 7 months of 2010 increased by approximately 26% over the same period of last year. The continued recovery in the automotive market has spurred the export demand for auto parts.
Second, China's auto parts companies have actively strengthened industry restructuring and enhanced their competitiveness. After the financial crisis, the trend of shifting the purchase of global vehicle companies to low-cost regions has become increasingly apparent. Although the labor costs of China have been on the rise recently, excellent product performance, skilled operators, more comprehensive product categories, and increasingly sophisticated logistics Chain and other advantages continue to be the first choice for multinational auto companies to set up factories and purchase parts. At the same time, with the increasing emphasis of large auto groups on their own parts and components supporting businesses, domestic auto parts companies have actively strengthened overseas mergers, such as Beijing Jingxi. Heavy Industry acquired Delphi's global automotive suspension and brake business, Wanxiang Group acquired the DS steering axle business of the United States, and local parts and components companies reorganized themselves through mergers and acquisitions to continuously strengthen their own strength and promote export competitiveness.
Third, the effect of the national support policy has become apparent. Since 2009, China has successively adopted various measures such as stabilizing export tax rebates and increasing financing support, and has issued plans for the revitalization of the automobile industry and its implementation details, which has played a positive role in reducing the cost of the auto parts industry. In 2009, the profit rate of domestic auto parts enterprises was generally maintained at 8%-10%, which is twice the global average. It is estimated that the domestic auto parts production value in China will reach 700 billion yuan in 2010, with the global economic situation. To further improve, 2010-2011, China's auto parts exports will grow by about 10%.
Although the export of auto parts in Guangdong Province continued to increase in the first 7 months of 2010, July 2010 hit a new high in 2010, but its development still faces the following problems:
First, the lack of key components and technologies restricts the development of the industry. There are about 20,000 local parts and components companies in China, accounting for more than 80% of the total number of parts and components companies, but local parts and components companies account for only 20% of total sales, and 90% of products are concentrated in low-end products. The product's technology and market are controlled by foreign companies. According to statistics, wholly foreign-owned and joint venture companies basically control more than 70% of the market share of EMS engine control systems, airbags, ABS systems, automatic transmissions and other systems and components. Some products are almost exclusively monopolized by foreign capital.
Second, the profit space is subject to the double attack of rising costs and buyers' prices. On the one hand, raw materials such as steel, oil, aluminum, and coal have all recently grown, transportation costs, and electricity prices have continued to rise. The general rise in raw material market prices has caused the company’s production costs to continue to rise; in terms of selling prices, the price cuts in the entire vehicle market Under the circumstances, the OEMs transferred the pressure of price cuts to parts and components manufacturers. The purchase price of spare parts for automobile OEMs was generally reduced, and the profit margin of spare parts manufacturing companies as intermediate links was further reduced.
Third, frequent trade barriers increase the difficulty of exporting auto parts. With the warming of global trade protectionism, China’s auto parts exports frequently encounter anti-dumping. For example, in September 2009, the United States applied a tax rate of 35% for the first year, 30% for the second year, and 25% for the third year for all cars and light truck tires imported from China; Argentina against China from November 2009 Imported steel car wheels implemented anti-dumping measures for four months; on May 12, 2010, the European Trade Commission formally announced that China's export of aluminum alloy wheels is subject to a unified anti-dumping tax of 20.6%. The continuous increase in trade protection measures will lead to the export of auto parts in China. Faced with increasing obstacles.
Fourth, the industry is facing multiple factors of instability such as export tax rebate adjustment policies. On June 22, the Ministry of Finance and the State Administration of Taxation promulgated the "Notice on Canceling Tax Refunds on the Export of Certain Commodities," and will cancel the export tax rebates for 406 kinds of goods, including steel and non-ferrous metal building materials, on July 15. The cost of the auto parts industry in the downstream industry with steel-related industries will increase accordingly; at the same time, the recent appreciation of the renminbi will also reduce the competitiveness of China’s auto parts in the international market; in addition, the World Bank issued a report in June that the world’s economy The recession is still possible.
With the gradual withdrawal of economic stimulus policies in various countries, the rapid recovery momentum of the global automotive industry in the first half of the year has slowed down, and the demand for automobiles in the rest of the world may shrink in the second half of the year, which will inevitably affect the export of auto parts in China. The situation is not tolerable. optimism.
Air picks and jack hammers are suitable for mining and construction operations. Applications include building demolition, geological exploration borehole drilling and foundation engineering, as well as various splitting, crushing, tamping, shoveling for cement pavement and asphalt pavement and fire rescue functions, more suitable for all kinds of mine drilling, splitting, blasting, exploiting. Such many advantages as good performance, high efficiency, light weight and convenient operation are favored by the vast number of operators.
Air Pick,Jack Hammer,Air Jack Hammer,Air Pick Hammer
Quzhou Able Machinery Equipment CO., LTD. , https://www.able-machine.com