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Recently, China's export of a✘ε÷luminium alloy wheels in February an₩"™♦nounced that China's exports of aluminium ↓<alloy wheels in February were 246 million US d♦'ollars, 28.5% less than the same period last ye™ ar. The export volum÷∏e of aluminium alloy wheels in₩ ∏ February was 5.37 million (1σ↑0 kg per unit), 24.4% less than the same periodπ<Ω last year. Compared w£§ith the same period in 2017, botπ≥♠h export volume and export volume decreased.®α There are 390 exporters, o±•©£f which 58 are exportγγing more than 10,000 companies, 22 are expor ®ting more than 50,000 companies, 1✘¶3 are exporting more ↑ Ω✔than 100,000 companies and 2 are exporting ↔∏δ÷more than 500,000 companies. The speci∑ε≠€fic data are shown in the table below.
In February 2019, China exported 110 al↓∏↑Ωuminium alloy wheels to 110 countries ←and regions, with 30 specific data of more th ≥an 10,000 wheels as follows $:
The development of automobile aluminiε§um hub industry in China began in the late 1980s. ≤↑÷ Since then, thanks to the pull of the∑ domestic automobile market, t€&£here has been a climax of i ≈φ nvestment in the construction of aut©↔omobile aluminium hub fact&≈ory. Many automobile a✘±↓luminium hub factori↑♣σes have emerged as the tim↑♦es require. According to & Ω"the data of China Automobile Associδ♠★ation, China's automobile pro©Ω±duction and sales in 2018 were 27.809 million a™'¶nd 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 $₩♣9;s automotive aluminium hub industry exceeded 90λ♣≤ billion yuan.
Overall, with the rapid devel≥✘Ω"opment of automotive industry, China££®✘'s automotive aluminium hub ind±§ustry has grown from sΩ≤cratch, growing increasingly, " and the market scale is growing rapidl•©÷<y year by year. According to the sta™☆≤tistics published by Prospecεε♦£tive Industry Research Institute×'±, the market size of China's automotive al∑≥β↑uminum hub industry has reached 45.136 '™γbillion yuan in 2011 and mor✔÷¥€e than 60 billion yuan in 2014. In 2015, theδ←α™ market scale of China's auto∞Ωmotive aluminium hub ind↑←§ ustry exceeded 70 billi≤♠$on yuan. By 2017, the market size of China'±φ₹∑s automotive aluminium hub indus✘®✘try had increased to ↑¥84.547 billion yuan, an increase of 9.63<±% over the previous ye©π≥ar. In 2018, the market ™¶'size of China's automotive aluminium hu♠₽&b industry exceeded 90 billion yuan, reaching €εabout 92.579 billion yuan.
With the rise of domestic automotive λ↓aluminium hub industry, China has graduallΩ₩y grown into a global automotive aluminium hub ma≥φ₽'nufacturing center. While meeting the domestiσ★✘↕c market demand, local enterprises have also b ₽™egun to increase the layout of the inter↓ γ€national market, with a small β✔>increase in export volume and export a"mount. According to the£∞ data of Aluminum Wheel Quality Association, Ch✔∑ina's automobile a®×luminium wheels were e™π₹xported to 173 countries and regions$ by 2018, with a total ex÷ port volume of 994,100 tons an π₩d a total export value of 4.738 billion US do₽λllars, up 7.3% and 10.4% respectively from the ↕'' same period last year. ✘₽
Aluminum hub industry is not an independen ✘t industry, it is closely related to automobile m"☆☆★anufacturing and automobile se↓εrvice industry, and automobile industry is iφ↔↑nseparable from the overall economic environm≈¥₹ ent. Although last year ∞ China's automobile produc±≠∑>tion and sales remained the world&↓¥Ω£#39;s first for ten consecutive years, but the gr→₩₽owth has been exhausted. At p♦♣resent, the automobil↓✘$γe production capacity is seriously eα☆✔xcessive and the automobile sa"↑✔les are in a low ebb, whiε•ch will be more challenging for $εthe aluminum hub industry in 2019.♦β♦σ Lean, large-scale and further internationali∞ •zation will be the main trend of China' $♠s aluminum hub industry.
