Imports into China have resumed vigorously since October 2020
- In 2019, China had imported 1,111,811 vehicles, including 529,832 units from Europe (48% of imports), 300,244 units from the United States (27% of imports) and 207,857 units from Japan (19% of imports). Vehicles imported from Europe are mainly premium brand cars which are not all produced in China. Vehicles imported from the USA and Japan are mainly cars from mainstream manufacturers.
- In 2020, vehicle imports to China fell significantly due to the coronavirus crisis which weakened demand and supply. They fell 22% over the first ten months of the year, to 714,000 units against 919,000 over the same period of the previous year, while the Chinese market fell by 10% overall. This sharp drop in imports into China was one of the causes of the decline in automobile production in Europe and the United States (but not the only one).
- Since the beginning of the autumn, we have witnessed a resumption of automotive imports in China (+ 64% in October, to 95,000 units) which foreshadows a larger than normal volume of imports in November and December 2020, which could help European automobile production to restart a little more clearly than at present.
- The year 2020 should thus total a volume of around 945,000 imports into China, which would represent a drop of 15% compared to 2019. The year 2021 should total a volume of over one million and return to the levels reached in recent years (between 2016 and 2019).
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