Romania, over Italy and Hungary: how the law came to make in Europe for car production

Romania is not one of the main markets of the continent, even if it could be based on the number of inhabitants, but things differ in the production area.

The country is ranked 6th in Europe, although the volume of cars produced has fallen slightly compared to last year. by the European Automobile Manufacturers Association.

Production reported by Ford and Dacia amounted to 420,755 vehicles in 2021, 4 percent lower than in 2020. Even so, the level has surpassed that of Hungary, which has more car factories than Romania, producing 420,497 here vehicles (-3%), but also in Italy (419,539, -7.9%), the country where the factories of some of the most famous brands in the world are located, which today are part of the Stellantis group.

In total, the European Union produced 10,012,259 cars in 2021, 7.1% less than in the previous year. The countries that produced the most cars were Germany, with almost 3 million units, down 13.2%, Spain with 1.6 million, down 8.9%, and the Czech Republic, with 1, 1 million units, 3.4% less than in 2020.

On the fourth place was Slovakia, with 969,313 units (up 2.7% compared to last year), and in front of Romania, on the 5th place, is France, with 854,089 units (-1.8%).

Across the European market as a whole, the decline compared to 2019 is very large, with over 4 million cars minus.

Car production in other markets of the world

USA – 6.3 million cars, + 3.1%

South America – 1.9 million cars, + 11.2%

China – 20.7 million cars, + 7.1%

Global car production increased by 2.7% to 63 million cars in 2021.

The ACEA report points out that the car industry in Europe fell by 1.6% to 14.3 million units in 2021 as the US car market grew by 5.5% to 11%. 9 million units. In Asia, China declined similarly to Europe, and in South Korea, sales fell by 9.5%.

The ACEA report points out that EU forecasts for 2020 include a 4 per cent increase in GDP in 2022 and 2.8 per cent in 2023. At the same time, the inflation forecast for industry forecasts by the European Commission will be 3.9% in 2022, after 2.9% in 2021, to fall to 1.9% in 2023.

In terms of car trade, the ACEA report shows that the European Union exported 125 billion euros worth of cars, 3.6% more than in 2020, while car imports amounted to 53 billion. the trade surplus was 73 billion. The United States was again the country with the largest imports and exports in relation to the EU.