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ASOCIACIÓN DE FÁBRICAS
ARGENTINAS DE COMPONENTES
Asociación de Fábricas Argentinas de Componentes (AFAC)
1167, Viamonte St. 2
nd
F. Buenos Aires, ARGENTINA
Tel. 54 11 4375-0516 Fax 54 11 4814-3434
E-mail: [email protected]
www.afac.org.ar
Argentina: an attractive market for the
automotive industry
The International Automotive Congress – Argentina/Brazil
Wolfsburg, Germany - October 9th 2012
Share of worldwide production. In percentage.
Global ranking of Argentina + Brazil
3,5%
3,6%
3,3% 3,3%
4,0%
4,3%
4,4%
4,8%
5,4%
6,0%
5,3% 5,3%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
% Argentina % Brasil ARG+BRA %
3,4%
3,5%
3,0%
2,8%
3,1%
3,5%
3,9%
4,6%
5,6%
6,1%
5,8%
6,0%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Brazil and Argentina represent the 6th worldwide automotive production pole
and the 3rd global market. By 2015, this market will exceed the 5.3 million units
The regional automotive industry: profile and trends
Source: AFAC based on OICA and abeceb.com
2000 2011
Production
9° 6°
Sales
8° 3°
3
Share of worldwide sales. In percentage.
Developed countries
The motorization rate in Argentina and Brazil is still low relat ive to developed
economies, which provides a greater potential for growth in thes e markets
Source: AFAC based on abeceb.com
7
The regional automotive industry: profile and trends
Aftermarket: Retail sales are a direct funtion of the car population. The “living”
automotive fleet is significant and aged, creating attractive market.
Automotive fleet in Argentina
In million units
Car Fleet by age (%)
Largest automotive fleet LATAM, in ratio of vehicles per
inhabitant. In levels, it exceeds the 11 million vehicles.
Of this total, more than 36% have less than 7 years old.
The magnitud and profile of the fleet provide strong basis for
potencial demand in the aftermarket, even facing an eventual
downfall in domestic sales of 0 km vehicles.
Number of inhabitants
per vehicle
Selected countries
Source: AFAC based
on abeceb.com
14
The regional automotive industry: profile and trends - ARGENTINA
The last phase of the automotive industry shows high growth rat es, consolidating its
exporter profile. There are good medium -term prospects.
PHASE I: Significant investment inflows.
Increasing outward orientation (focus on Brazil)
PHASE II: Consolidation of the export
model. Continuous renewal of assigned
models. Increasing specialization at regional
level in the relationship with Brazil
Source: AFAC based on ADEFA and abeceb.com
Currently, it is perceived:
Expansive trend in production with both the external and inte rnal market. Atraction to new investment (new regionally
exclusive models). Increased export profile, along with greater concentration.
New challenges in the competitiveness issues for the automotive value chain.
4
The regional automotive industry: profile and trends - ARGENTINA
Argentina has a consolidated automotive structure
Vehicles
Transmission
Vehicles
Vehicles
+ engines
+ engines
10 car-maker
companies.
2 transmission
systems plants
4 engine plants.
+ transmission
Transmission
Note: In Zárate, Toyota also performe motor
assembling activities, as well as injection and plastic
parts painting.
The regional automotive industry : profile and trends - ARGENTINA
Vehicles
5
Diversified spectrum of models produced, specially medium cars and pick-ups:
24 models manufactured in Argentina, 69.6% concentrated in 15 models
GM
Fiat
Ford
Renault
PSA
Honda
Volkswagen
Toyota
Mercedes Benz
Iveco
Cars
Pick-ups
SUV
Utilities Heavy
Share in total
production 2011
2
Corsa and Agile
2
Siena and Palio
1
Focus
1
Ranger
3
Clio II, Symbol
y Fluence
1
Kangoo
5
P. 206, 207, 308 and 408
C. C4
2
P. Partner
C. Berlingo
1
Surán
1
Amarok
2
Hilux and SW4
1
City
1
Sprinter
Chasis para buses
and camión
Chasis para
Camiones
13.7 %
12.5 %
13.5 %
2.2 %
0.7 %
8.3 %
15.1 %
0.1%
17.4 %
16.5 %
Production by company
and type of vehicle.
Number of models
69,6 % 23,2 % 6,2 % 1,0 %
Source: AFAC based on abeceb.com
6
The regional automotive industry : profile and trends - ARGENTINA
Regional integration configuration based on complementarity specialization of
models
Mercosur production structure, by regional classification. Light vehicles livianos. 2011
Trend towards specialization: Argentina is basically oriented to medium and large cars and pick-
ups, while Brazil specialize mainly in small cars. However, because of the industry size asymmetry
between both countries, Brazil has larger production volumes in every segment.
Source: AFAC based on abeceb.com
9
15,4%
36,1%
38,0%
32,0%
7,7%
33,2%
20,5%
84,3%
63,6%
62,0%
68,0%
87,8%
64,0%
79,0%
0,3%
0,4%
4,5%
2,8%
0,5%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Automóvil pequeño
Automóvil mediano
Automóvil grande
Pick up
SUV
Furgones y utilitarios
Total Mercosur
Argentina Brasil Uruguay
67,2%
6,0%
4,3%
14,2%
3,6%
4,8%
100%
Part. % 2011
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Production growth requires intensive renewal of models for domestic and
export purposes
Shared with
Brazil
GM Corsa II
P.307
Nueva Hilux Nueva Sprinter
2002 2003 2004
2005 2006 2007 2008 2009 2010
2011
Hilux SW4
W Suran
P.307 Sedán
Citroën C4
P 207
F.Focus
Fiat Palio
R.Symbol
GM Agile
Rest. F.Ranger
VW Amarok
C4 Hb
408 Tricuerpo
R.Fluence
Honda City
Megane III
308 Hatchback
Fiat Siena
Specialization: Over the last cycle, Argentina attracted many regionally exclusive assignments (vehicles
that inside the Mercosur are not produced in Brazil).
Complementarity: in order with specialization, the complementarity between Argentina and Brazil
intensifies.
Positioning: the new vehicles that local industry offers provide the possibility of a medium-term
production growth scenario and a greater positioning in the external market (specially in Latin America,
although mainly focus over Brazil).
Argentina –
Regionally
exclusive
New models launched in Argentina
2012
Nuevo Palio
Nuevo Clio
Nueva Ranger
Source: AFAC based on abeceb.com
10
The regional automotive industry: profile and trends - ARGENTINA
The autoparts sector, despite some bottlenecks, has a relatively diversified structure
and has grown significantly during the last period
In 2011, it reached a U$S 7,4 MM turnover and and more than 65 thousand direct employees.
Since 2001, the autopart company’s turnover (incl. tires) have grown by 8,1% annual average in
dollars and employment by 5,9%.
Source: AFAC
11
Turnover and employment in the Argentine autoparts sector
Turnover (left) Employment (right)
The regional automotive industry: profile and trends - ARGENTINA
Production of autoparts in Argentina: 400 firms of different sizes that produce
parts, pieces, sets and subsets for the original Argentine market (ca r-making
companies), for export and for the local aftermarket.
The companies oriented mainly to supply OEM market are a relati vely reduced
group of generally large and foreign capital companies , although there are also some
SMEs that provide this market..
Systems manufacturers in this group, there are almost 40 large companies than
concentrate about 50% of the OEM segment ’s turnover.
The Argentine autparts sector has a production tradition of seve ral decades.
The local autoparts network is composed by approximately 400 fir ms
12
Argentine autoparts sector profile
The regional automotive industry : the autoparts sector in Argen tina
Argentina presents a lot of opportunities for investment in new autoparts
ventures
13
Airbags and pre-tensioning seat belts
Air conditioning compressor
"Green" tires
Electronic Components
Steering wheels.
Braking system and its components
Aluminum Tubes for Air conditioning
Belts.
Shafts.
Adjustable and collapsible steering column
Micro switches
Precision Forging
ABS
Instrument panel
Clutches
Power steering pumps
Steering box
Locks
Fuel pump
Clutch discs
Foundry
Ignition key
Electric motors
Brake pads
Electronic sensors
Engine injection system (pump,
injectors, pipes, electronics)
Door lock systems
Fuel tank cap
Hubcaps
Tube filled fuel tank (plastic piece blown)
Nylon fuel pipes trilayer
The regional automotive industry : the autoparts sector in Argentina
Law 26.393 of Development
Law 26.393 of Development
and Consolidation of the
and Consolidation of the
Autoparts Sector
Autoparts Sector
Bicentennial Production
Bicentennial Production
Financing Program
Financing Program
Factory
Factory
-
-
Custom House
Custom House
Regime (RAF)
Regime (RAF)
Regionally
Both in Argentina and in the region, there are specific measures promoting the
automotive and autoparts industrial complex
In Argentina
Mercosur Automotive Policy:
Mercosur Automotive Policy:
Argentina
Argentina
-
-
Brazil Agreement
Brazil Agreement
8
Industrial Plan 2020
Industrial Plan 2020
Relevant factors for the automotive activity: promotion policies
ASOCIACIÓN DE FÁBRICAS
ARGENTINAS DE COMPONENTES
Asociación de Fábricas Argentinas de Componentes (AFAC)
1167, Viamonte St. 2
nd
F. Buenos Aires, ARGENTINA
Tel. 54 11 4375-0516 Fax 54 11 4814-3434
E-mail: [email protected]
www.afac.org.ar
Thank You!