Global Production Of Commercial Vehicles In 2018 | FASTENER EURASIA MAGAZINE
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Global Production Of Commercial Vehicles In 2018

Commercial vehicle production on the European19 continent totalled 3.6 million units in 2018, or +0.9% when compared to the year before. Among the main EU producers of commercial vehicles, output went up in France, Spain and Italy last year, but production remained stable in Germany and decreased in the United Kingdom. Total EU output of commercial vehicles grew by 2.6% to reach 2.8 million units last year. By contrast, in 2018 production slowed down in Russia, Ukraine and especially Turkey. 
 
Chinese output20 declined markedly in 2018 (-9.3%), going from 5.7 to 5.2 million commercial vehicles produced.  The van segment took the hardest hit, as production went down by about half a million units. The introduction of new emissions standards over the past two years drove up the price of new vans, leaving customers reluctant to buy a new vehicle. Moreover, this situation was worsened by a drop in export volumes. 
Last year, commercial vehicle production in Japan and South Korea was more or less the same as in 2017, with 1.6 million units produced in total by the end of the year. 
 
North American output saw a 2.6% increase last year, largely driven by higher production of heavy trucks (which went up by more than 20%). In total, some 4.5 million commercial vehicles were built in North America in 2018.  
 
In 2018, production of commercial vehicles in South America sustained the positive momentum that started in 2017. Fuelled by the recovery of the Brazilian market, South American output grew by 3.4% in 2018, reaching more than 0.8 million vehicles produced last year. 
 
South Asia showed the highest increase (+18.0%) in commercial vehicle production of the main world regions in 2018. The improving situation in India and Indonesia was the main catalyst for growth, as these two markets account for the vast majority of the region’s production. 
 
Finally, commercial vehicle output in the Middle East and Africa grew by 3.9% last year, boosted by production increases in South Africa, Morocco and Egypt. In Iran, on the other hand, the production of commercial vehicles slowed down in 2018. 
       
Trade Of Commercial Vehicles In 2018
 
Last year the value of both imports (+2.3%) and exports (+0.2%) of commercial vehicles (including buses and coaches) increased slightly − resulting in a trade surplus of nearly €2.8 billion for the European Union. 
 
The value of truck and bus imports grew significantly compared to 2017 (+13.0%), while exports remained more or less stable in 2018. Nevertheless, EU exports of trucks and buses still generated a €4.6 billion trade surplus last year. 
 
However, imports and exports of light commercial vehicles remained at similar levels compared to the previous year, with van imports exceeding exports by €1.9 billion.  
 
EU trade in commercial vehicles (CV), buses and coaches (BC) | by type
 
 
IMPORTS 
 
In 2018, almost 70% of EU commercial vehicle imports originated from Turkey. The value of Turkish imports was €5.5 billion last year, up 4.5% compared to 2017. 
 
Imports of commercial vehicles and buses from South Africa (+22.1%), Morocco (+16.6%), Macedonia (+30.4%), India (+11.0%) and China (+13.0%) all posted double-digit gains.  
 
By contrast, exports from the United States and Thailand to the European Union declined markedly in 2018 (down 22.0% and 22.7% respectively).  
 
 
Top 10 – Countries of origin of EU commercial vehicle and bus imports
 
 
EXPORTS 
 
A significant increase in EU commercial vehicle exports to Australia (+36.4%), China (+85.4%) and Algeria (+15.4%) was registered last year. Exports of commercial vehicles and buses to Switzerland (+5.4%) and the United States (+2.6%) also recorded growth in 2018. 
 
However, the value of exports to Turkey (-46.2%), Israel (-23.4%), Russia (-11.9%) and South Korea  (-25.6%) decreased strongly throughout 2018. 
 
Norway, Switzerland and Australia are the main export destinations for EU-made commercial vehicles and buses, together accounting for nearly 30% of the total EU export value. 
Source: ACEA
 
Top 10 – Destinations for EU commercial vehicle and bus exports