Cross-border e-commerce soaring category – auto parts

As the demand for automobiles increases worldwide, the market demand for automobile supplies and auto spare parts is also increasing rapidly.

Our spare parts manufacturing technology is very strong. In July 2022, my country's auto parts exports were US$8.94 billion, a month-on-month increase of 8.8% and a year-on-year increase of 29.5%, accounting for 61.4% of the total auto exports. At the same time, from January to July 2022, the total export of auto parts reached US$53.03 billion, a year-on-year increase of 13.3%. We can clearly see from these data that the export of auto parts has become a very rising category.

According to Alibaba's data, we can see that the market capacity of the entire auto parts market is a very large market, the market growth rate is negative, and the market supply is insufficient. The market growth rate seen here does not mean that market demand has become smaller, but that the market growth rate has become relatively lower, not that the growth is negative. Inadequate market supply actually fully proves that the entire market is still a blue ocean market, with demand greater than supply. Next, let’s take a look at the situation of new energy automobile parts. For now, it is a medium-sized market with ultra-high-speed growth and insufficient supply. It can be seen that the development potential is very huge, especially as the world is currently promoting green. clean energy. Then let’s look at a trend of auto parts and accessories, which belong to the ultra-large market, have negative growth, and have insufficient supply. There are also general parts and components, which belong to the medium-sized market, have medium-speed growth, and have insufficient supply. In fact, judging from the data given by an international website, they all have one thing in common, that is, the market supply is insufficient. To put it more bluntly, there are not enough sellers in the market, and more suppliers are needed to come out and take orders.

Sales of auto parts on Amazon’s US site. Judging from product D, a car battery accessory, the monthly sales volume reached 4,782 units. Although the price is cheap, the sales volume has been rising rapidly in the past year or so. From the beginning of more than 200 units So far, the monthly sales volume has stabilized at nearly 5,000 orders. Then look at the second product, LED lights for automobiles. From 356 orders in March 22 to 5,363 orders now, sales have achieved a qualitative leap. Although there has been a decline in recent months, overall sales can still be maintained. What these two products have in common is that they are basically on the shelves for 1-2 years. The ability to achieve such a high growth rate in a short period of time shows that the market capacity is still very large and it is a relatively blue ocean market.