Which countries in the world were most impacted by the drop in production in 2020?
- Global automobile production (passenger cars + light utility vehicles) fell by 21% over the cumulative first 10 months of 2020, compared to the same period of 2019. The drop reached 21.4% for passenger cars, while it is lower for light utility vehicles (-19.6%).
- Regarding passenger cars, which represents 80% of the worldwide automobile production, the countries that have seen their production volume drop the most are Indonesia (-50%), Thailand (-40%) and Brazil (-39%).
- However, Asian countries have generally better resisted the coronavirus crisis and its consequences than countries located on other regions. Thus, China (-10%), Taiwan (-9%), Korea (-12%), Malaysia (-20%) and even Japan (-22%) perform well compared to other countries. Indonesia and Thailand are therefore two exceptions in an Asia less affected by the health crisis. The USA (-26%) and Mexico (-28%), as well as Russia (-23%), held up better than the European Union (-31%). India (-28%) does a little better than Europe, but significantly worse than most Asian countries.
- In terms of volume, China is stepping up its lead over other countries and today represents 31% of world production. Europe sees its share reduced to 19% of the world production, however ahead of the USA (14%) and Japan (11%).
- Mexico, India, Brazil, Canada and Russia will see their share decrease slightly in 2020. The case of Turkey is interesting as its production was significantly reduced in 2020 while the Turkish market sharply increases. This situation can be explained by a drop in its exports (resulting from the fall of foreign markets) which absorb 85% of its production.
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