Canton Fair Buyers to Reduce Auto Parts Export Forms Are Not Optimistic

The first phase of the 114th Canton Fair was just completed on October 19th. The transaction status in different industries is not the same. Autoparts exhibitors generally reflect the decrease in orders. It is expected that the future export situation will not be optimistic, mainly related to the weakness of emerging markets, exchange rate fluctuations and technology. Barriers are related.

The reporter recently found in the Auto Parts and Accessories Exhibition of the Canton Fair that many booths had very few buyers, and even some corporate salesmen complained to reporters that the number of badges and staff was obviously more than the number of exhibitors and staff. The export business of auto parts and components is worse than one year. The booth of Xiangmu Town Daily Products Co., Ltd. was relatively lively. The president of the company, Yang Jing, said in an interview with this newspaper that products such as car perfumes and fragrances were more attractive to customers, but basically none of the customers placed orders on the spot. Price, this year's export situation is not ideal, the company's exports from January to September this year can only be flat with the same period last year.

In the booth of the Wanxiang Group of the Canton Fair, the reporter saw only one or two buyers. The person in charge of the booth interviewed by reporters said that the purchasers of this session of the Canton Fair were less than the buyers of the Canton Fair this spring. According to the on-site discussion, the degree of the buyer’s refreshing orders was far less than before, and the appreciation of the renminbi was one step ahead. Steps have reduced the competitive advantage of domestic auto parts exporters.

“On the occasion of the Canton Fair’s participation, the RMB exchange rate against the US dollar broke through the 6.1 mark and will continue to appreciate during the year. I participated in the Canton Fair since I graduated, and I personally experienced a process of appreciation of the RMB step by step. The RMB against the US dollar The exchange rate from 8.3 to the current 6.1 or so, from breaking 8 to breaking 7, according to the momentum of appreciation of the renminbi, everyone is worried that it may break 6 in the near future, which is still a great impact on export companies.” The person in charge said that the future exports Worrying attitude.

The statistics of the Canton Fair also proved this point, and the global market is still facing “Chilliness”. Statistics released on the 19th showed that as of the 18th, there were 92,149 merchants in the first phase of the current session of the General Assembly, which was slightly lower than the 93,529 of the 112th session of the first session of the Canton Fair in the same period, compared to the same period of the 113th Canton Fair. 103,303 people have a more obvious decline. Statistics from the China Chamber of Commerce for Import and Export of Machinery and Electronic Products showed that the turnover of the first phase of the Canton Fair was slightly higher than that of the 112th session of the same period last year, with a turnover of USD 12.5 billion, an increase of 0.5%, but mainly due to the rapid growth in the turnover of lighting equipment. , The turnover of automotive accessories consumer electronics products is declining.

At present, the currencies of emerging markets such as Brazil, India, and Russia have experienced a large depreciation. The currency has risen and declined, making it more difficult for domestic auto parts exports to these markets.

Due to the decrease in raw material prices and the increase in import exchange costs, overseas buyers have become increasingly fierce. At the Canton Fair, domestic auto parts export companies all stated that prices are difficult to increase and it is not easy to maintain the original prices. Some products even show a downward trend in prices. Some tire companies have reported that the number of purchasers who are present at the meeting has decreased, and there have been few porridge, and the price competition between exhibitors is still fierce. According to statistics from Qingdao Customs, in the province of Shandong, where tyres were exported, although the province exported a total of 140 million tires in the first three quarters of the year, an increase of 12.9% year-on-year, the average tire export price was US$48.9/barrel, a year-on-year decrease of 8.7%.

In addition, technical barriers have also plagued Chinese auto parts exports. Brazil recently announced again the deadline for affixing conformity labels for auto parts products that are manufactured, imported, and sold in the domestic market. The statement covers a wide range of automotive products such as automotive glass, batteries, and rims, and different deadlines are set according to the type of product. China's inspection and quarantine authorities have reminded parts and components manufacturers that export to Brazil that they should keep abreast of information on technical trade measures in the industry, and at the same time strengthen the periodical review of quality management systems and sampling tests.

Compared with the export of auto parts, the situation of vehicle exports is even less optimistic. Since May of this year, auto exports have declined for the fifth consecutive month. According to data from the China Automobile Association, auto exports in September fell by 28.9% compared with the same period of the previous year, and the decline was greater than that in August, indicating a continuing sluggish development trend.

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