Brazil: biggest growth 2019 rate on automotive global manufacturers to | FASTENER EURASIA MAGAZINE
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Brazil: biggest growth 2019 rate on automotive global manufacturers top 10 

Sergio Milatias 
Editor in Chief of Revista do Parafusos

 

While the global health sector and public authorities are working entire to find solutions to the Covid-19, it´s been so hard to write about business on the fastener market during a moment with huge volatility and uncertainties. Despite can be so late to analyse about 2019, Brazil was in comfortable walking, slow but steady, in his economic recovering. The last year began with the disaster on Brumadinho (50 km from Belo Horizonte City, Minas Gerais State) at the dam owned of Vale S.A., occurred on 25 January.

That disaster rocked Q1 and part of GDP, ending December 31 with positive result at 1.1%, a little bit less than 1.3 % during 2017 and 2018. However, during the Q2 until the Q4 the country has got good results, that can be confirmed using the automotive producing as reference, not considering the motorcycle production.

According to the Organisation Internationale des Constructeurs d'Automobiles (Oica), among the 10 biggest global motor vehicle manufacturers just Brazil (2.2%) and Spain (0.1%) did not close in the red, and this cannot be attributed to the Covid-2019 , which most impact at 2020.

 

BRAZILIAN PRODUCTION OF MOTOR VEHICLES

 

 

2018

2019

Variation

1

China

27.809,196

25.720,665

-7.5%

2

USA

11.314,705

10.880,019

-3.7%

3

Japan

9.728,528

9.684,298

-0.5%

4

Germany

5.120,409

4.661,328

-9.0%

5

India

5.174,645

4.516,017

-12.2%

6

Mexico

4.100,525

3.986,794

-2.8%

7

S. Korea

4.028,834

3.950,617

-1.9%

8

Brazil

2.879,809

2.944,988

2.2%

9

Spain

2.819,565

2.822,355

0.1%

10

France

2.270,000

2.202,460

-2.9%

Source: www.oica.net