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INA estimates 71% semiconductor recovery in North America

Semiconductores

Latin America. One in three units affected by the shortage in North America was Mexican, reaching about 151,600 units.

The National Auto Parts Industry (INA) announced at a press conference that, compared to the results from January to July 2021, the impact of chip shortages globally in the same period of 2022 has decreased by 59%, representing two million vehicles in the world.

In that period, Japan and Korea were the most affected nations. Together, both stopped producing more than 476,000 vehicles, while the second region was North America.

The 447,500 units affected in the countries of the Treaty between Mexico, the United States and Canada (T-MEC) presented a 71% recovery. This compared to the same period in 2021, when 1.5 million units were affected.

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The INA estimates that the total number of vehicles produced in North America in the first nine months of the year totals 10.8 million vehicles, so that the units affected by semiconductors represented only 4% of total production in the region.

Likewise, the INA estimates that North America produces around 379,000 million dollars of auto parts in the region, of which 102,800 million dollars will correspond to Mexico. It also projects that this country will occupy an increasingly leading role as a supplier to the United States in the auto parts sector.

In 2007, Mexico accounted for 30% of U.S. auto parts imports, while China accounted for 10%. THE INA's target for the end of 2022 is 39% for Mexico, while China will decrease its percentage to 9.5%. Nine out of ten of the country's exports will be destined for the United States this year.

By 2022, the INA forecasts that the five most exported products in the country's auto parts sector will be harnesses, wires and cables ($4.168 billion); die-cut parts and body accessories ($2.424 billion); seats and parts thereof ($2.423 billion); gearboxes and parts thereof ($1.863 billion); and brake mechanisms ($1.514 billion).

Federico Duarte
Author: Federico Duarte
Editor en Latin Press, Inc.
Comunicador social y periodista con experiencia de más de 15 años en medios de comunicación. Apasionado por hacer de la vida una historia para contar. fduarte@latinpressinc.com

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