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In 2021, the Spanish automotive supplier sector exported €19,669 million, which means a 10% increase compared to 2020.Regarding 2019, a -5.2% decrease is observed. This shows the Spanish industry dynamism at international markets since it has been able to recover most of the pre-pandemic levels. These good results are encouraged by the performance of some of our commercial partners inside the EU and relevant automotive markets such as USA, China or Mexico.
Understanding European Union as a block, these are the most relevant destinations for automotive Spanish suppliers in 2021: EU, UK, USA, Morocco, China, Mexico, Turkey, South Africa, Japan and Russia
European Union gathers sales figures representing 66.4% of the global market share. In this way, EU sales increased 9.8% internally with a slight -3.2% decrease compared to 2019.
Outside European Union, the main market for exports is United Kingdom, it shows a -8.6% decrease which is worth €1,100 million in sales. Compared to 2019, the decrease is more dramatic, reaching a -26.4%.
United States consolidates its position at second commercial partner with a +14,5% inter-annual growth to reach export figures of €1,087 million euros. Compared to 2019, it shows a +6.9% growth, that displays the influence this market is acquiring for the Spanish automotive providers.
Exports to Morocco have slightly dropped in 2021: -1.2% to reach €132 million. Comparing to 2019, the contraction in this market reaches a -13.7%.
At the contrary, China shows up +18.5% inter-annual growth, a clear display of this economy’s dynamism, with an export volume of €583 million. In fact, Spanish exports in 2021 increased +32.1% compared to pre-pandemic periods which shows how the Spanish offer is increasing its market share little by little.
Markets such as Mexico and Russia only show an inter-annual growth of +38% and 28% respectively but comparing to 2019 they show a of +5.1% and +17.1% growth.
Turkey (+7.2%), South Africa (+10.4%) and Japan (+37.5%) show a good performance in 2021, with total figures of €321, €235 and €229 million, respectively, however no 2019 levels were reached.
One of the fights which are being battled inside the European Union (EU) to win the war against climate change is the decarbonization of mobility. One of the tools required to achieve such decarbonization is the CO2-emissions reduction in transportation. In this sense, at the beginning of June, the European Parliament approved the ban on selling new fuel-powered vehicles in 2035.
This transformation plan intends to help the Spanish automation through the eminent transition towards the new mobility paradigm while keeping up with their leading position in high-level worldwide exports, such demand is based on the quality of made-in-Spain vehicles and components.
The 2021 sector’s data of the Spanish automotive suppliers displays how the industry’s uncertainty and complex situation is still hurting companies, however, their strong exporting character is promoting a stronger recovery of Spanish companies.