asociaciÓn de fÁbricas argentinas de …chamb.cancilleria.gov.ar/userfiles/presentación...

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

mailto:[email protected]

www.afac.org.ar

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


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 %


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.


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


10


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)


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!

mailto:[email protected]

www.afac.org.ar

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