The Covid-19 pandemic, Brexit and constraints in supply chains are the causes pointed out by AFIA for the difficulty in recovering the indicators of exports of automotive industry components.
AFIA released the final data on exports of automotive components in 2021 and there are mixed indicators in the figures presented. On the one hand, exports of automotive components continue to decline in relation to volumes recorded in 2019, at a time of pre-pandemic. And, even with the good news of the numbers of exports of automotive components in 2021 showing a recovery compared to the previous year, during the last semester the monthly results were always lower than the same period of the previous year.
The information released by the AFIA (Association of Manufacturers for the Automobile Industry) in December reveals a decrease of 10.2% compared to the same month of 2020, and a drop of 4.9% for 2019. annual accumulated exports of automotive components in 2021 grew by 3.7% (8,5957 million euros) compared to 2020. Even so, AFIA warns that export volumes remain 8.3% below the levels recorded in 2019
Spain leads automotive component export destinations in 2021
In 2021, Spain remained the main destination for Portuguese exports, with an accumulated value of 2,592 million euros, but with a decrease of 0.7%. Germany follows, with 1,845 million euros (-10.7%) and, in third place, France registers 1,039 million euros, representing a fall of 24.0%. In the top 5 of the countries with the highest volume of exports, the United States of America recorded 476 million euros, having increased the volume by +24.5%, and finally, the United Kingdom with 419 million euros (-51.3 %).
AFIA points to the increase in cases related to the Covid-19 pandemic, Brexit and also the constraints felt in supply chains as the causes that are affecting the results of exports in the automotive sector. The Association recalls that the industry has been experiencing serious problems due to the lack of chips, electronic components and scarcity of some raw materials. And he explains that this is causing the interruption of the activity of several car manufacturers and, consequently, which affected the volumes of exports of car components in 2021.