Global sales of the top 10 countries in five sales last year of negative growth in the same period last year. Some industry insiders believe that: this year's global vehicle production and sales growth will not become strong. Some people worry that the domestic parts industry's domestic exports, it will be the world's major car producing countries the impact of slower growth products. Recently, analysts analysis of the financial sector, global automotive demand growth slowed down, parts of China's exports would not cause too much impact.

According to China Association of Automobile Manufacturers statistics, the auto parts in China in recent years is the fastest growing export of industrial products, in the past five years rose 6.6 times that of the total growth of nearly 1 billion U.S. dollars, mainly exported to North America, Western Europe, Japan and South Korea, the world's major Automobile production in the United States and Japan is China's two largest auto parts exporter, accounted respectively 33 and 13.

Parts irreversible trend of export growth

Galaxy Securities concerned that the domestic car industry and economic prosperity in the international industrial transfer of the two engines driving, it is expected that this year, auto parts sales to maintain the growth rate of 30.

Global automotive demand growth slowed down, what will affect China's exports of automobile spare parts »an interview with reporters on the issue of the relevant experts.

Shun Securities auto industry analyst at Sun Muzi, told reporters, although slower growth in global automotive demand, but on the whole is still growing, particularly in the Asia-Pacific region and the South Asian region has been very good. Expected from 2008, China's export growth in parts of the product or irreversible.

According to Sun Muzi analysis, there were three reasons:

First, since the vehicle is the globalization of production and procurement in the Asia-Pacific region operated by many car companies are also global procurement, which for China's automotive parts industry has provided opportunities.

Second, China's auto parts in the international market, the proportion of relatively small, and China's auto parts exports account for the proportion of the output is high (about 10). Therefore, relatively little impact. At present, the automotive parts market in Europe and the United States is the dominant, such as Japan and South Korea, China's auto parts products occupy a relatively secondary position. China's auto parts products key to success is rather special, the market impact of slower growth also smaller.

Third, China's auto parts products, mainly in the success of its relatively low cost advantages, increase in the market slowdown, automobile companies first consideration is to cut costs, China's automotive components and products that the price advantage On the contrary can further increase market share.

Export enterprises are facing new difficulties

Xinhua letter vehicle marketing solutions Lang Xuehong, deputy general manager, global automotive demand growth is slowing trend. 2007, Germany, Japan demand in the domestic market shrinking, Germany and the domestic automobile sales fell in 2006 compared to 5. However, China's auto parts exports fell by the impact of global auto sales can be neglected.

She said that China's exports of parts and components are not many, and into the OEM market supporting the very few, most of the automotive after-market, with the car after the tenure of the relevant market, the new little to do with demand. China's exports of parts and components are now facing major difficulties with the national reduction of export tax rebate rate, the appreciation of the renminbi, rising raw material prices of these three factors.

July 1, 2007, China implemented a new export tax rebate policy, the 2821 commodity export tax rebate rate further reduced, including the car springs, glass and some other accessories, export profits of these enterprises seriously affected by the RMB exchange rate more and more global political, The impact of the economic environment, the uncertain factors have increased, especially in the last two years, the continuous appreciation of the renminbi, to many export-oriented enterprises in China has brought greater pressure as the global transfer of manufacturing to China, is expected raw material and labor prices in Long time to face up the pressure on export enterprises will be parts of the cost of production and profitability have a greater impact. Therefore, China's auto parts industry will intensify competition, specialized companies to do export market also started to pay attention to the domestic market.

According to Xinhua letter to statistics, China's top four exports of automotive components were: automotive electrical and instrumentation, automotive shock absorber, wheels and body annex.

Industry experts said that the vehicle electrical and instrumentation requirements of the labor-intensive resources shock absorber and the wheels are all high-energy consumption products, China's energy costs relatively low body annex, and other products such as audio systems, because of China's electronics industry is more developed, all These products more competitive.

Adjust the product structure is the way to expand exports

From the export tax rebate policy adjustment can also see that the adjustment of the basic are low value-added products, the state continues to encourage high value-added exports of auto parts. The state encourages auto-parts exports from labour-intensive to a higher technological content and value-added products transfer, export product mix will be adjusted.

Galaxy Securities is also concerned that mature from the country's development experience, the output value of more than 40 auto industry is for export, while the proportion of domestic currently only 10.1. Therefore, the law of industrial development, domestic enterprises are bound to increase the accessories market share overseas. Even if the global automotive sales growth to slow down, China's accessories business, so long as to expand overseas market share, there is still great room for development.