PH only ASEAN nation with negative growth car production in Q1

Published May 23, 2022, 4:57 PM

by Bernie Cahiles-Magkilat

Motor vehicle production in the Philippines declined by 7.5 percent in the first quarter this year, making it the lone ASEAN country that posted negative growth in the said quarter, data from the ASEAN Automotive Federation (AAF) showed.

Based on the AAF report, the Philippines produced only 18,137 units in the first three months this year as against 19,599 units in the same period last year.

The region, however, posted a positive 17.4 percent growth breaching the one million unit production level in the first three months this year with total sales totaling 1,101,980 versus 938,283 units in the same first quarter in 2021.

Among ASEAN countries, Indonesia posted the biggest increase in car factory output at 41.8 percent to 364,372 units from 256,882 units. Thailand, ASEAN’s production hub, has the most number of produced vehicles although at modest 7 percent growth to 498,271 units from 465,833 units in the first quarter of 2021. Malaysia also grew by a modest 4.8 percent to 154,160 units from 147,086 units.

Vietnam grew a robust 36.4 percent growth to 65,416 units from 47,949 units while Myanmar grew by 73.9 percent due to lower base number of 934 units to 1,624 units in the first three months of 2021.

In terms of sales, the region posted a robust 23.8 percent growth to 849,306 units from 686,053 units in the first quarter last year driven by Indonesia with 263,822 units or 41 percent higher than the 187,026 units last year.

Thailand also posted a considerable growth of 27 percent to 246,641 units from 194,137 units in the same period last year. Malaysia sold 159,752 units in the first three months of the year, a 12.7 percent increase, from 141,716 units. Vietnam’s sales also soared 27 percent to 90,506 units from 71,244 units.

Meantime, the Philippines reported a modest 6.3 percent increase to 74,754 units from 70,312 units last year while Myanmar contributed 3,391 units or 5.1 percent higher than 3,225 units sold in the same period last year.

Singapore was the lone country that registered decline to 10,440 units or 43.2 percent down from 18,393 units in the same period last year.

 
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