2016 Top Markets Report - Automotive Parts

(Jacob Rumans) #1

market for U.S. auto parts: Japan is fifth and Korea is ninth. As a result of the high level of vehicle production in
these countries, they will likely be strong prospect markets for OE parts in the future.


There are also similarities in rankings between the 2015 Top Markets Report and the 2016 version. Canada,
Mexico and China, in that order, were identified as the top three markets for both the OE equipment and
aftermarket rankings in both reports. For the OE rankings, Japan, Germany and Belgium were identified as top 10
prospective markets in both 2015 and 2016. If Singapore and Hong Kong are removed from the top 10 on the
assumption that they are trans-shipment hubs, then the Netherlands and Chile also rise to the top ten, meaning
that eight of the top 10 markets from the 2015 report are also in the 2016 report's top ten. Korea rose from 12 to
6 in the new rankings, which can be partially attributed to the continued rise in auto parts exports to Korea since
the KORUS FTA was brought into force in 2012.


In regards to the aftermarket rankings, nine of the top 10 countries were the same in both the 2015 and 2016 Top
Markets Reports. Australia was the only country to fall out of the top ten, dropping from number eight to number



  1. Therefore, the aftermarket model shows significant consistency in identifying the top potential markets from
    one year to the next, even accounting for the updated data.


Case Studies


The 2016 report has country case studies for nine countries that summarizes export opportunities in selected
markets. The case studies represent a range of countries to illustrate a variety of points and are not necessarily
the top 10 markets overall. These case studies provide an overview of the market in the given country, the
challenges and barriers to exporting automotive parts to the market, and opportunities for U.S. companies. The
nine case studies are Mexico, China, Germany, Brazil, Korea, Australia, Thailand, Saudi Arabia and Colombia.

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