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A brief analysis of China's aluminum alloy wheel exports in the first half of 2020


In the first seven months of 2020, China’s cumulative export volume of aluminum alloy wheels was 39.036 million, with a value of 1.718 billion US dollars. The average export unit price in the first seven months was 44.01 US dollars per piece. See the table below for specific data.

China’s aluminum alloy wheel export data from January to July 2020

From the data point of view, the export data from January to March this year was normal. The number of exports dropped sharply in April. This was mainly due to the rapid spread of the epidemic to Volkswagen, Mercedes-Benz, Renault, Peugeot Citroen, GM, Ford, Fiat Chrysler, etc. Many automobile brands represented in mid-to-late March announced "stop production to avoid risks" and stopped purchasing all auto parts. According to incomplete statistics, at that time, about 14 auto companies around the world halted more than 100 factories, which directly caused the export volume of aluminum wheels from mainland China to fall to the low point of the previous seven months in May. Since June, people (overseas) have slowly restored normal protection and medical order from the rush of the epidemic when the epidemic broke out. At the same time, due to economic pressure, global auto companies have begun to slowly and orderly resume production. , The export volume of wheels has also begun to increase. From the data point of view, the export situation in July continued to improve. In August, the order volume was basically in retaliatory growth, and aluminum prices also rose at the same time.

Although the export data of our aluminum alloy wheels in the first half of the year was better than expected, the impact of the epidemic on us should not be underestimated. Let's compare this set of data with the same period last year. Please see the table below:

China’s aluminum alloy wheel export data from January to July 2020

As can be seen from the chart, in the first seven months of 2020, China's cumulative export volume and value of aluminum wheels have dropped by 34.16% and 37.95% respectively compared with the same period last year! In addition, the average export price in the first seven months also dropped by 2.83% year-on-year. The price drop was in March and April, which was also related to the suspension of production by overseas car companies.

If the outbreak of the new crown epidemic is a natural disaster, then the Sino-US trade dispute is a man-made disaster. Let's compare this set of data with the data of the same period in 2018 before the height of the Sino-US trade friction to see how severe the impact of natural disasters and man-made disasters on our industry:

China’s aluminum alloy wheel export data from January to July 2020

2018 is a glorious year in the history of China's aluminum alloy wheel export. The annual export of aluminum alloy wheels is 994,100 tons. If calculated at 10KG per wheel, it is equivalent to 99.41 million pieces. The annual export trade volume is 4.738 billion US dollars.

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