Blog

Toda la actualidad del sector

May 2020 | Platform

Exports of the Spanish automotive components sector reach €20.754 million

  • This figure shows the exporting effort of the Spanish Automotive components industry during 2019, a “complicated“ period due to uncertainty and tech disruption.
  •  Spanish exports of components registered a 3.1% decrease due to the European market contraction and commercial tensions.


Between September and December 2019, Spanish automotive components, worth €6.850 million, were exported. A 4% decrease compared with the same period last year, breaking the trend of growth during last years.

During 2019, the sector of Spanish automotive providers exported €20,754 million, which represents a 3.1% decrease compared to 2018. This data reflects the challenges this sector faced globally, such as Brexit, the European markets slowdown or the trade tension between China and United States. However, they are very relevant numbers, over €20,000 million, considering the current uncertainty and geopolitical challenges, 

The top 10 destination for Spanish Automotive components and equipment in 2019, considering European Union as a whole, are: EU, United States, Morocco, China, Algeria, Mexico, Turkey, South Africa, Japan and Russia.

The evolution of exports in these markets during the last quarter in 2019 and the annual balance will be shown as follows:

Exports in 3rd 2019 quarter 

The European Union, the main destination for Spanish component sales, represents a market share of 72.9%. These sales observed a 1.2% decrease compared with the same period in 2018, with a total of €4,992 million.

Sells in Germany, our main market, had an 8.1% decrease until €1,176 million. France, second market in the region, shows a 3.3% negative rate with a sales total of €1,137 million.

In the same way, there was a decrease in United Kingdom (-1,2%) and Italy (-3,4%) in the last quarter.

Portugal is the only one of the five main markets that shows positive trend: an increase of 10.9% with sales of  €624 million, keeping up with the upward evolution of last years.
Markets such as Poland (+7,7%) or Czech Republic (+9,6%) also showed a favorable behavior.

Outside European Union, United States leads in first position of Spanish exports with a 22.2% growth rate, consistent with the one during the same period In 2018, with sales of  €375 million.
Morocco shows a positive behavior with a 7% growth leaving behind the previous edition´s stagnation with total exports of €342 million.

However, other markets show a slowdown, especially China and Mexico with two-digit decrease rates. The first of them decreases a 22.8% compared to the same period last year, in the same line with the decrease of the two first quarters of 2019, with total sales of €151 million. In the other hand, the Central American country experienced a 26% decrease and export figures reached €112 million breaking last year’s growing trend.

Exports also decrease in Japan (-11,6%), whereas Turkey (+12,5%) and South Africa (+40,1%) show a positive behavior with figures of €121 and €89 million, respectively.

2019 Balance 

Spanish exports behavior during 2019 has been conditioned by a slowdown in international demand because of economic downturn and uncertainties in the car industry that affect the main business partners in the sector.

The European Union continues to be the main destination for Spanish automotive components and equipment with €14.970 million in sales representing 72.1% of the market share on the overall figure. EU sales showed a 1.9% decrease compared with the previous edition, due to the evolution of the major economies in the Eurozone.

Germany, the first destination for Spanish sales, falls a 10.1% compared to 2018, €3.592 million. A serious contraction was observed in its market in 2019 with a 9% decrease in car production besides a 13% decrease in exports. 

France, the second most relevant market also slows down and breaks its positive trend during last year falling 4% with sales of €3,413 million. French car production decreased 2.93%, however car registrations increased 1.8%.

To a lesser extent, UK and Italy also decrease, 1.5% and 1% respectively, compared to the previous period with sales of €1,494 and €982 million.

Conversely, Portugal keeps growing up to a total of €1,836 million consolidating the growth in last years becoming the third major destination for Spanish sales.

Other European markets show growing rates: Poland (+5,9%), Czech Republic (+7,7%), Belgium (+1%), and Sweden (+13,1%).

 

Outside the European Union, United States grows 17% and finds its place as the first destination for Spanish exports selling up to €1,017 million. Its growth is healthy with a really higher rate than the one in 2018.

Morocco follows in second position with a growth rate of 5.6% compared to the previous year and export figures of  €964 million.

In the other hand, China shows a 28.7% decrease rate, breaking the positive trend of later years. The Asian country has shown systematic decreases along 2019 as consequence of macroeconomic reasons in its market.

Currency devaluation affected imports and its car production slowed 9.2%

Algeria (-27,4%), Mexico (-8,3%) and Turkey (-6,3%) also show negative behaviors with a total of €424, €380 and €347 million, respectively. Regarding Algeria and Mexico this trend changed compared to previous years, Turkey experiences a steady decrease since 2017

Finally, South Africa´s growth is a highlight as a destination for Spanish exports. In 2019 this market registers at 25.1% increase with sales of €280 million, keeping up with the growth path of last periods.
 

Noticias relacionadas

January 2021 | Platform

How does Brexit affect they automotive sector?

In 2019, the UK was the fourth main commercial partner for the Spanish automotive suppliers, the export figures reached €1494 million. 2020’s total, until October, reached figures of €974 million, 23.8% less than the previous year due to the pandemic impact. EU, considered as a block, is now the second destination for the sector’s global exports as Brexit has been established on 31 January of 2020.

Read more
December 2020 | Platform

We are prepared for the future and the future is now

The times we are living in are plenty of uncertainty and change in the individual day-by-day aspect of life and, undoubtedly, in the economic and business sense as well. All of it comes as a result of COVID-19’s impact in our lives.

Read more
December 2020 | Platform

What can we expect from the automotive sector at the end of 2020

This atypical and complicated year 2020 is about a month to end. Through it, the automotive business has been forced to handle meaningful transformations and this sector asks itself: what is in store for the last quarter of the year? 

Read more
X

Dont miss out
on our news