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Internationalization in 2019 will be the main trend of Chinese aluminum wheel manufacturer

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Recently, Chinese aluminum alloy wheel exports in February were announced: China aluminum alloy wheel exports in February were US $ 246 million, a decrease of 28.5% year-on-year, and the number of exports was 5.37 million (calculated at 10 kg / piece), a year-on-year decrease of 24.4%, compared with 2017. In the same period of the year, both the export volume and export volume decreased. There are 390 export manufacturers, of which 58 are exporting ≥10,000 companies, 22 are ≥50,000 companies, 13 are ≥100,000 companies, and 2 are ≥500,000 companies. See the following table for specific data:

 

In February 2019, China's aluminum alloy wheels were exported to 110 countries and regions in total. There are 30 specific data for the number of ≥ 10,000, see the table below:

 

The development of China's automotive aluminum wheel industry began in the late 1980s. Since then, due to the pull of the domestic automotive market, there has been a climax of investment in the construction of automotive aluminum wheel factories, and many automotive aluminum wheel factories have emerged at the historic moment. According to data from the China Automobile Association, China's auto production and sales in 2018 were 27.809 million and 28.081 million vehicles respectively, which remained at a relatively high level. Demand for the automotive aluminum wheel industry only increased. In 2018, the market size of China's automotive aluminum wheel industry exceeded 90 billion.

In general, with the rapid development of the automotive industry, China's automotive aluminum wheel industry has grown from scratch, and has grown increasingly, and the market size has grown rapidly year by year. According to the statistics of the "Forecast and Sales Demand and Investment Forecast Analysis Report of the Chinese Automotive Wheel Industry" released by the Foresight Industry Research Institute, the market size of the Chinese automotive aluminum wheel industry in 2011 has reached 45.136 billion yuan, and the market size of the Chinese automotive aluminum wheel industry exceeded 600 in 2014. 100 million yuan. In 2015, the market size of China's automotive aluminum wheel industry exceeded 70 billion yuan. As of 2017, the market scale of China's automotive aluminum wheel industry has grown to 84.547 billion yuan, a year-on-year increase of 9.63%. In 2018, the market scale of China's automotive aluminum wheel industry exceeded 90 billion yuan, reaching about 92.597 billion yuan.

With the rise of the domestic automotive aluminum wheel industry, China has gradually grown into a global automotive aluminum wheel manufacturing center. While meeting the domestic market demand, local companies have also begun to increase the layout of the international market, and the export volume and export value have increased slightly. According to data from the Aluminum Wheel Quality Association, as of 2018, China's automotive aluminum wheels have been exported to 173 countries and regions, with a total export volume of 99.41 million tons and a total export value of US $ 4.738 billion, an increase of 7.3% and 10.4% year-on-year respectively.

The aluminum wheel industry is not an independent industry. It is closely related to the automobile manufacturing and automobile service industries, and the automobile industry is inseparable from the overall economic environment. Although China's automobile production and sales continued to be No. 1 in the world for ten consecutive years last year, it has shown weak growth and fatigue. At present, there is a serious overcapacity in automobile production, and automobile sales have fallen into a trough. This will be more important for the aluminum wheel industry in 2019. challenge. Leanization, scale and further internationalization will be the main trends of China aluminum wheel manufacturer.

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