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The activity of the auto parts sector grew by 1.4% in 2022

The activity of the auto parts sector grew by 1.4% in 2022

“This was mainly due to the lower number of business days of activity as a result of the closure of auto parts companies and terminals due to the holiday break,” explained AFAC.

In this sense, it was specified that all the items linked to the automotive value chain performed well during 2022, although the tire sector still continues with an accumulated drop of 8.7% compared to the previous year as a result of the conflicts. unions

When analyzing the evolution month by month, the three main auto parts businesses identified by the segments of vehicle production, parts exports and the independent replacement market, show positive trends.

Vehicle production increased during January-December 2022 by 23.5% compared to the same period in 2021, closing the year with a total of 536,893 units manufactured.

when comparing December vs. November 2022 there was a significant drop of 69.5%, as was the case with auto parts, although in a much smaller amount for the latter, since this is the segment that has the greatest impact on the activity of said sector.

Export of auto parts: balance

Auto parts exports, for their part, recorded a very good performance last year with an increase of 11.6% year-on-year.

For the replacement market segment, considering the sale of fuel as an approximate indicator of its level of activity, an increase was also observed for the January-December period, which was 14.7% year-on-year.

Source: Ambito

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