Truck Exports Hit Record High in First QuarterⅠ
www.chinatrucks.com: It is all known that export ratio is a main indicator to judge if one country is a major auto power. Last year, export ratio for commercial vehicles was 6.09%, higher than the ratio of 2.06% in China auto export. And only over 20% export ratio can be called a major auto country.
Table One: Sales of export of trucks in 2010 and 2009
|
Sales in 2010
|
Sales in 2009
|
Sales growth
|
Export volumes in 2010
|
Export volumes in 2009
|
Export growth
|
Export shares in 2010
|
Export shares in 2009
|
Shares growth
|
Truck
|
3,861,091
|
2,959,425
|
30.47
|
232,957
|
162,573
|
42.98
|
6.02
|
5.49
|
0.53
|
Wagon
|
2,831,295
|
2,250,143
|
25.83
|
203,957
|
141,202
|
44.44
|
7.20
|
6.28
|
0.93
|
Non complete vehicles
|
675,173
|
498,176
|
35.53
|
8,618
|
12,101
|
-28.78
|
1.28
|
2.43
|
-1.15
|
Semi trailers
|
354,623
|
211,106
|
67.98
|
19,864
|
9,270
|
114.28
|
5.60
|
4.39
|
1.21
|
Part One: Market analysis of China truck markets in the first season
1. Recovering growth continues in China truck markets
We can see from Table 3 and 4 that export volumes of all truck products were surging in the first season, apart from wagons chassis. And export ratio of wagons and semi trailers recovered largely. We can see that China auto export has passed the toughest period.
We can contribute this to three reasons: the first is recovering world economy including international auto makers; the second is that China central government continues to improve auto export by many policies, including to stabilize export rebates and to increase financing support; and the third reason is that foreign enterprises increased investment on spare and auto industry in China.
Table Two: Sales of export comparison on truck segment markets in the first season
|
Export volumes in Jan.-March 2011
|
Export volumes in Jan.-March 2010
|
Market shares in Jan.-March 2011
|
Market shares in Jan.-March 2010
|
Shares growth %
|
Trucks
|
64,050
|
44,655
|
100
|
100
|
0
|
Wagons
|
57,063
|
39,279
|
89.09
|
87.96
|
1.13
|
Non complete vehicles
|
1,869
|
2,214
|
2.92
|
4.96
|
-2.04
|
Semi trailers
|
5,118
|
3,162
|
7.99
|
7.08
|
0.91
|
2. Export of light trucks and mini trucks dominate wagons markets
Export of wagons was 89.09% among all the truck export in the first season, up 45.28%. Because the main target markets for China trucks are Algeria, Vietnam, Syria, Iran, Brazil, Chile, and Peru etc. developing countries, and customers from these countries prefer importing complete vehicles.
Figure One: China truck sales, export, and shares 2004-2010
Among the nineteen main China truck export companies, Dongfeng Commercial Vehicle Company, Sinotruk, Beiben, and FAW mainly produce and export heavy trucks, Beiqi Foton and JAC also produce some heavy trucks. Most other enterprises listed here produce and export light trucks and mini trucks. 37,298 wagons were exported in Jan. and Feb., up 54.00%. And the sales revenues amounted to 332,400,000 USD, up 12.28%.
Export growth of the top three companies were higher than the average rates, partially due to their large base volumes, especially Dongfeng Motor, their export took nearly 20%, and 12.30% of Dongfeng vehicles were exported.
Dongfeng Motor Limited Company
Dongfeng Motor is composed of Dongfeng Commercial Vehicles Company, mainly producing medium and heavy trucks and DFAC mainly producing light trucks. The parent company, DFL, pay much attention on exporting in recent years. They have set overseas department at the very beginning, and they also raise slogan of "China Dongfeng, World Dongfeng" to make export volumes of trucks to 20% of all sales volumes in five to ten years.
In recent years, Dongfeng overseas markets are mainly composed of five areas, namely, Southeast Asia, including Indonesia, Malaysia and Vietnam; Middle East and West Asia area including Iran, UAE and Syria; Middle and South Africa including Brazil, Argentina and Chile; Russia and Africa area mainly including South Africa and Egypt. Apart from complete vehicle export and CKD, Dongfeng is trying to localize R&D and production in overseas markets.
Dongfeng Limited Company is planning to establish their own assembly plants in key areas, for example, Dongfeng Commercial Vehicle chose Iran and Dongfeng Motor Shares is optimistic to set production base in Indonesia.
- 73 Sany Mixer Trucks Delivered to Southeast Asia 2024-03-27
- Yutong T Series Light Trucks Made Their Debut in Mexico 2024-03-25
- XCMG Signed an Order for Delivery of 200 XG1 Dump Trucks to Overseas Customer 2024-03-13
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023 2024-02-21
- World’s 1st’s 240t Intelligent Hybrid Mining Truck Got Launched 2024-01-16
- Chinese Truck of the Year 2024 Claimed by Beijing Trucks 2023-12-14
- Singapore Welcomes the First Scania Battery-Electric Logistics Truck 2023-08-29
- First Batch of 40 Electric Heavy-duty Trucks Were Delivered to Customers 2023-08-10
- BYD Delivers Its First T4k Electric Truck in South Korea 2023-07-14
- China Exported 63,000 Trucks in May, Up 33% YoY 2023-07-11
Submit Your Requirements, We Are Always At Your Service.
- Tan Xuguang: Tongli’s Heavy-duty Mining Truck Business is Our Benchmark
- Three FOTON Electric Trucks Launched in Indonesia
- FOTON Shines at 2024 China Automotive Brand Overseas (Chile) Touring exhibition
- US$80 Million! XCMG Announced Its Second Plant in Mexico
- FOTON Teams with Yierkeshtan Port to Promote “The Belt and Road”
- XCMG Listed in Forbes China's Globalization Innovators Selection 30&30
- Daimler Launches New Fuso eCanter in Hong Kong
- GWM's POER Pickup Rolls off at Its CKD Factory in Ecuador
- FOTON Motor: NEV Penetration Rate to Exceed 80% by 2050
- SINOTRUK Invests More in Uzbekistan
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY
- China Exported 65,000 Trucks in July, Up 17% YoY
- Half Year Review of Commercial Vehicle Sales
- China Exported 63,000 Trucks in May, Up 33% YoY
- Top 10 Best-selling Battery-swapping Heavy Trucks in China in April
- China Exported 158,000 Trucks in Q1, Up 41% YoY
- China’s Truck Exports Grew by 43.8% YoY to 46600 Units in Feb., 2023
- China’s Heavy Truck Sales Rising 29% YOY to 77200 in Feb
- China Exports 567,000 Trucks in 2022, Hitting a New High in a Decade