By Alzira Rodrigues | Translated by Jorge Meditsch

Sindipeças, the association of Brazilian auto parts manufacturers, updated the 2022 numbers and the 2023 forecast on its official website. Last year, the automotive components industry had a R$ 191 billion net revenue, 8.5% over 2021 (R$ 176.1 billion). The expectation for this year is to reach R$ 202.7 billion, with a close to 6.1% yearly growth.

This index is slightly higher than the previously presented, 5.5%, but the 2022 basis was reviewed, and the revenue was higher than estimated. Manufacturers should purchase 66.1% of the auto parts this year, more than the 65.1% in 2022. The replacement market also tends to have a higher share, from 18.4% to 19.4%.

Intersectional business should correspond to 4.5% of the auto parts industry businesses (4.2% in 2022), while exports should fall from 13.5% to 10.1%.

According to Sindipeças forecast, external sales will reach US$ 8.5 billion, a 6.3% growth, and imports will be close to US$ 17.5 billion, less 12.1%. Therefore, the commercial deficit will reduce by 24.4%, from US$ 11.9 billion to US$ 9 billion.

Another positive point refers to jobs in the sector. Last year there was a 4.2% growth to 277.7 thousand workers, and the association bets on a 0.5% growth to 279.1 thousand employees this year.

Anfavea, which represents the automotive manufacturers, also estimates a mild growth this year, from 2.2% in production and 3% in the internal market. Fenabrave, the dealers association, believes the sales will remain stable.

According to the last projections, the investments will be slightly smaller in 2023, about US$ 1.1 billion (US$ 1.3 billion in 2022).

The association had already explained that 2022 numbers involved the change from Euro 5 to Euro 6 technology in locally produced trucks. 2021 investments were US$ 1.14 billion, close to the estimate for this year.

Photo: Pixabay

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