Analysis of China’s Automobile Aluminum Alloy Wheel Exports in 2018

SMM News: In December 2018, China’s automobile aluminum alloy wheel exports amounted to 362 million US dollars, a year-on-year decrease of 5.2{1d8a2c365ffc689a7880b1695f000798168d4e5e5e0143bcff88df95ff2ffb4a}, and the export volume was 80,800 tons, an increase of 2.5{1d8a2c365ffc689a7880b1695f000798168d4e5e5e0143bcff88df95ff2ffb4a}. From January to December 2018, the export value of China’s automobile aluminum alloy wheels exceeded US$4.5 billion for the first time, reaching US$4.738 billion, an increase of 10.4{1d8a2c365ffc689a7880b1695f000798168d4e5e5e0143bcff88df95ff2ffb4a} year-on-year. The export volume exceeded 950,000 tons for the first time, reaching 994,100 tons (according to the average single weight: 10 kg/ Only converted; equivalent to 99.41 million), an increase of 7.3{1d8a2c365ffc689a7880b1695f000798168d4e5e5e0143bcff88df95ff2ffb4a} year-on-year, the export volume and amount have once again hit a record high. China’s automobile wheel exports have been ranked first in the world for 14 consecutive years since it surpassed Germany in 2005. 1. China’s automotive aluminum wheel export manufacturers In 2018, 86 companies exported more than 100,000 Chinese auto aluminum alloy wheels, 61 companies exported more than 200,000, 38 companies exported more than 500,000, and 20 companies exported more than 1 million. The number of exports of the company exceeds 2 million, and the number of exports of the three companies exceeds 5 million. One company, CITIC Daika Co., Ltd., exports more than 10 million and ranks first. The top 7 companies in the export ranking are mainly OEMs, and the list of the top 100 companies in terms of export volume is shown in Table 1. 2. Export to countries and regions In 2018, China’s automobile aluminum alloy wheels were exported to 173 countries and regions. The total amount of the top 40 countries and regions in export volume was 4.633 billion US dollars, accounting for 97.8{1d8a2c365ffc689a7880b1695f000798168d4e5e5e0143bcff88df95ff2ffb4a} of the total export value of the products. Among them, the total amount of exports to the United States ranked first, close to 2.4 billion US dollars, accounting for more than half of the total export value. The number of exported US countries ranked first with 477,700 tons, according to the average single weight: 10Kg/only, equivalent to exporting 47.77 million aluminum wheels to the United States, and the number of exported Japanese ranked second with 186,300 tons, equivalent to 18.63 million. There are a total of 12 countries with a total export volume of more than 1 million. Table 2 lists the top 40 countries and regions in China’s automobile aluminum alloy wheel exports in 2018.