In December 2019, the export value of China’s aluminum alloy wheels was 335 million US dollars, a year-on-year decrease of 7.5%, and the export volume was 7.69 million pieces (calculated at 10Kg/piece), a year-on-year decrease of 4.8%.
Among them, exports in December: 71 companies with ≥10,000 companies, 28 companies with ≥50,000 companies, 16 companies with ≥100,000 companies, 6 companies with ≥200,000 companies, and 3 companies with ≥500,000 companies.
With the rise of China’s automotive aluminum wheel industry, China has gradually become a global manufacturing center for automotive aluminum wheels. Domestic wheel companies are actively exploring the international market while meeting domestic market demands. In December 2019, China’s aluminum alloy wheels were exported to 124 countries and regions in total. The number of exports: 42 countries and regions with ≥ 10,000, 17 countries with ≥ 50,000, and 9 countries with ≥ 100,000 There are 3 countries with ≥ 500,000 and 2 countries with ≥ 1 million.
The aluminum alloy wheel industry encountered rare internal and external problems since its inception in 2018. The number of product orders and the actual settlement price and settlement cycle have been affected to varying degrees, and these environments that affect the industry’s operating performance have not been obvious in 2019. Improve, even worse.
First of all, orders are tight. Those “chicken rib” orders that were not optimistic in the past and have long payment periods and very low profit levels have also become “sweet and sour” chased by hub manufacturers. National brand car companies, whose wheel orders were actually robbed by the ”big brother” company last year. This shows that the wheel companies are hungry for the market; secondly, some companies have problems with the supply of funds. It is not difficult to find that many aluminum alloy wheel manufacturers added a lot of ”distrust information” last year, and some legal representatives have been restricted to high consumption, and some companies have unfortunately been included in the list of abnormal operations. However, under such ”difficult times”, the proportion of existing hub plant expansion projects in the ”new” capacity throughout the year has increased year by year, which can only explain one problem, that is, as we have predicted in the past In that way, ”the strong one is always strong”, the production capacity of the wheel hub industry is gradually concentrated.
In recent years, the cost of labor, energy, transportation, taxes, and environmental protection in mainland China has risen in an all-round way. The pressure on the manufacturing industry caused by these problems is self-evident. Moreover, there is a serious overcapacity in automobiles and the sales of automobiles have fallen into a trough. For the aluminum wheel industry, 2020 will be more challenging.
Post time: Jun-19-2020