Which Country Imports the Most Automotive Parts and Accessories in the World?

IndexBox has just published a new report "World: Parts And Accessories Of Motor Vehicles - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global automotive accessory imports stood at 767K tonnes in 2016, ascending by 4% against the previous year figure. Overall, automotive accessory imports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2008, an increase of 7% from the previous year level. In that year, global automotive accessory imports attained its maximum volume of 912K tonnes. From 2009 to 2016, growth of global automotive accessory imports stood at a somewhat lower level.

In value terms, automotive accessory imports amounted to $3.6B in 2016. Overall, automotive accessory imports continue to indicate a mild decline. In that year, global automotive accessory imports reached its maximum level of $4.6B. From 2009 to 2016, growth of global automotive accessory imports stood at a somewhat lower level.

Top Automotive Accessory Importing Countries in the World

1. France (224.2 million USD)

2. Argentina (201.4 million USD)

3. Singapore (187.3 million USD)

4. China (184.3 million USD)

5. Germany (91.9 million USD)

6. United Arab Emirates (61.4 million USD)

7. India (30.6 million USD)

8. Italy (17.8 million USD)

9. Netherlands (15.8 million USD)

10. Brazil (5.5 million USD)

11. Sweden (2.7 million USD)

12. Japan (1.9 million USD)

Automotive Accessory Imports By Country

The countries with the highest levels of automotive accessory imports in 2016 were Japan (122K tonnes), Germany (102K tonnes), and Brazil (78K tonnes), together accounting for 39% of total import. It was distantly followed by Sweden (51K tonnes), and India (44K tonnes), together committing 12% share of total automotive accessory imports. The following importers - France (23K tonnes), Italy (21K tonnes), Argentina (19K tonnes), the Netherlands (17K tonnes), Singapore (16K tonnes), China (16K tonnes), and United Arab Emirates (14K tonnes) together made up 16% of total imports.

From 2007 to 2016, the most notable growth rate of automotive accessory imports, among the main importing countries, was attained by Germany (+14.6% per year), while the other global leaders experienced more modest paces of growth.

In value terms, France ($224M), Argentina ($201M) and Singapore ($187M) were the countries with the highest levels of imports in 2016, with a combined 17% share of global imports. These countries were followed by China, Germany, United Arab Emirates, India, Italy, the Netherlands, Brazil, Sweden and Japan, which together accounted for a further 12%.

India (+25.2% per year) had the highest growth rate of automotive accessory imports, among the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Automotive Accessory Import Prices By Country

The average automotive accessory import price stood at $4,647 per tonne in 2016, descending by -7.2% against the previous year. Overall, automotive accessory import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by 11% from the previous year level. Over the period under review, average automotive accessory import price reached its maximum level of $5,322 per tonne in 2011- however, from 2012 to 2016, it failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was China ($12 per kg), while Japan ($16 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of automotive accessory import prices was attained by India (+23.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global automotive accessory market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• automotive accessory market share
• automotive accessory prices
• automotive accessory industry
• automotive accessory sales
• automotive accessory import
• automotive accessory export
• automotive accessory market forecast
• automotive accessory price forecast
• key automotive accessory producers

All data provided in this article covers the following product: HS Code 8706 - Chassis- fitted with engines, for the motor vehicles of heading no. 8701 to 8705.

Source: World: Parts And Accessories Of Motor Vehicles - Market Report. Analysis and Forecast to 2025