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Mexico, fifth auto parts producer in the world

Admin | 08.04.2013

With record figures posted upon closing 2012 for US$75 billion, Mexican Auto Parts Industry outdid South Korea to rank as fifth manufacturer in the world, informed Oscar Albing, Chairman of the Mexican Auto Parts Industry Association, Industria Nacional de Autopartes (INA).

With record figures posted upon closing 2012 for US$75 billion, Mexican Auto Parts Industry outdid South Korea to rank as fifth manufacturer in the world, informed Oscar Albing, Chairman of the Mexican Auto Parts Industry Association, Industria Nacional de Autopartes (INA).

China tops the list of the largest auto parts manufacturers in the world, followed by Japan, United States and Germany.

The industry’s growth forecasts for this year is between 3% and 4%, and it will not be until 2015 when invoicing rebounds by 15%, to reach US$90 billion.

However, Albin warned that the entrance of clunkers from the United States into Mexico creates the potential for an unfair competition market of used auto parts, which is “cannibalizing” the domestic market.

On the other hand, Ricardo de la Peña, Head of Exports Office in ProMexico, said that Mexico’s conditions have provided for the arrival of 100 investment projects, with capitals between US$50,000 to millions of Dollars each, from the United States, Canada, Germany and Japan.

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Insights