product

Recently, China's export of aluminium alloy wheels in February announced that China's exports of aluminium alloy wheels in February were 246 million US dollars, 28.5% less than the same period last year. The export volume of aluminium alloy wheels in February was 5.37 million (10 kg per unit), 24.4% less than the same period last year. Compared with the same period in 2017, both export volume and export volume decreased. There are 390 exporters, of which 58 are exporting more than 10,000 companies, 22 are exporting more than 50,000 companies, 13 are exporting more than 100,000 companies and 2 are exporting more than 500,000 companies. The specific data are shown in the table below.

In February 2019, China exported 110 aluminium alloy wheels to 110 countries and regions, with 30 specific data of more than 10,000 wheels as follows:

The development of automobile aluminium hub industry in China began in the late 1980s. Since then, thanks to the pull of the domestic automobile market, there has been a climax of investment in the construction of automobile aluminium hub factory. Many automobile aluminium hub factories have emerged as the times require. According to the data of China Automobile Association, China's automobile production and sales in 2018 were 27.809 million and 28.081 million, respectively, which still maintained a high level, and the demand for automobile aluminum hub industry only increased. In 2018, the market size of China's automotive aluminium hub industry exceeded 90 billion yuan.

Overall, with the rapid development of automotive industry, China's automotive aluminium hub industry has grown from scratch, growing increasingly, and the market scale is growing rapidly year by year. According to the statistics published by Prospective Industry Research Institute, the market size of China's automotive aluminum hub industry has reached 45.136 billion yuan in 2011 and more than 60 billion yuan in 2014. In 2015, the market scale of China's automotive aluminium hub industry exceeded 70 billion yuan. By 2017, the market size of China's automotive aluminium hub industry had increased to 84.547 billion yuan, an increase of 9.63% over the previous year. In 2018, the market size of China's automotive aluminium hub industry exceeded 90 billion yuan, reaching about 92.579 billion yuan.

With the rise of domestic automotive aluminium hub industry, China has gradually grown into a global automotive aluminium hub manufacturing center. While meeting the domestic market demand, local enterprises have also begun to increase the layout of the international market, with a small increase in export volume and export amount. According to the data of Aluminum Wheel Quality Association, China's automobile aluminium wheels were exported to 173 countries and regions by 2018, with a total export volume of 994,100 tons and a total export value of 4.738 billion US dollars, up 7.3% and 10.4% respectively from the same period last year.

Aluminum hub industry is not an independent industry, it is closely related to automobile manufacturing and automobile service industry, and automobile industry is inseparable from the overall economic environment. Although last year China's automobile production and sales remained the world's first for ten consecutive years, but the growth has been exhausted. At present, the automobile production capacity is seriously excessive and the automobile sales are in a low ebb, which will be more challenging for the aluminum hub industry in 2019. Lean, large-scale and further internationalization will be the main trend of China's aluminum hub industry.