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Mexico expects auto parts production to reach $125.7 billion in 2024, up from-壓鑄展-鑄造展-2024第二十四屆廣州國際壓鑄、鑄造及工業爐展覽會-巨浪展覽-The 24th China(Guangzhou) Int’l Die casting Foundry & Industrial Furnace Exhibition
3/11/2024 壓鑄展-鑄造展- Die-casting expo-foundry expo |
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The National Auto Parts lndustry (lNA), the fourth largest in the world, estimated a conservative and marginal increasein its production estimate for 2024 of 3.7 percent, compared to the historical record of 2023 with $121.2 bilion. in 2024it would be $125.7 billion, according to a report from the business chamber.In December of last year, the value of auto parts production in Mexico broke the $10.0 bilion mark it recorded in thelast seven consecutive months. In December, the value was $9.3 bilion, up 8.2 percent year-over-year. The historicarecord was recorded in August 2023 with $10.7 billion.
In 2023. production for export increased 18.3 percent to total $105.6 bilion, production for the domestic market grew5.7 percent to $15.6 bilion. The forecast for 2024 is $109.9 bilion in exports, 4.1 percent more than in 2023. Thatamount of international sales will represent 87.4 percent of the total.
For the current year. the domestic market wil consume $15.8 bilion of auto parts, 1.4 percent more than in 2023. Theshare in the total will be 12.6 percent.
Of the total production, almost half was concentrated in four states. The Mexican capital of auto parts is Coahuila with15.2 percent, ($18.5 bilion), followed by Guanajuato with 13.1 percent, ($15.9 bilion), Nuevo León with 12.2 percent.($14.8 bilion) and Chihuahua with 8.8 percent ($10.6 bilion). Queretaro stands out for its proximity to $10.0 (itmanufactured $9.6 billion in 2023)
In foreign trade, the balance of trade of the auto parts industry was a surplus of $37.3 bilion, 8.5 percent more than in2022. Exports totaled $105.6 bilion, 18.3 percent more and imports totaled $68.2 bilion, 24.5 percent more.With this level of exports, Mexico is the largest supplier of auto parts to the United States, accounting for 42.6 percentof the total, a market share that far exceeds the second largest supplier, Canada, with its 10.5 percent and comparedto the 7.7 percent of China''s participation.
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