With the dissipation of the epidemic, the demand for overseas buses will recover significantly in 2023, and China's bus exports will perform well.
According to China's passenger car statistics, from January to December 2023, China's commercial vehicle companies exported 43,515 buses of various types, a net increase of 12,708 compared with the same period last year, a year-on-year increase of 4125%, a slight decrease from January to November, but the overall situation is still optimistic.
As the first full year after the epidemic, the export performance of China's buses in 2023, as well as the overall performance of various enterprises, will have certain reference significance for the research and judgment of the future development trend of the industry. Next, we will take a look at the export results of buses according to various companies and market segments.
All three types of buses are on the rise
The growth rate of large buses outperformed**
From January to December 2023, China's export volume of large buses reached 24,874 units, an increase of 8,418 units or 51 units over the same period last year15%。The export volume of medium-sized buses was 7,311 units, an increase of 2,038 units or 38 units over the same period last year65%。The export volume of light passenger cars was 11,330 units, an increase of 2,252 units or 24 units over the same period last year81%。
From January to December, the export volume of the three types of buses maintained a growth trend, and the export volume increased compared with the export volume from January to November. It is worth noting that large buses are the main force, not only the year-on-year increase is the highest among the three categories, export sales are more than the sum of the export volume of medium-sized buses and light buses from January to December. It can be seen that large buses are still the most popular type overseas.
The sales volume of the subdivision type is on the rise
Seat buses account for the majority of sales
From January to December 2023, the export volume of large-seat buses was 11,170 units, an increase of 5,233 units or 88 units compared to the same period last year14%；The export volume of buses reached 13,548, an increase of 3,118 compared with the same period last year, an increase of 2989%；Judging from the export performance of large buses from January to December, buses accounted for the largest proportion, followed by seat buses.
Looking at medium-sized buses, from January to December, the export volume of seat buses in medium-sized buses was 3,439, an increase of 1,367 compared with the same period last year, an increase of 6597%；The export volume of buses reached 3,679, an increase of 888 compared with the same period last year, an increase of 3182%；The export volume of school buses was 109, an increase of 57 compared with the same period last year, an increase of 10962%；Exports of other buses were 84 units, 274 units less than the same period last year, and the increase was in a negative value.
From the perspective of light buses, from January to December, the export volume of seat buses in light buses was 9,687, an increase of 979 compared with the same period last year, an increase of 1124%；The export volume of buses was 299, an increase of 79 compared with the same period last year, an increase of 3591%；The export volume of school buses was only 8, an increase of 4 compared with the same period last year, an increase of 100%; The export volume of other buses was 1,336 units, an increase of 1,190 units or 815 units over the same period last year07%。
Overall, from January to December 2023, the total export volume of seat buses will be 24,296 units, a year-on-year increase of 4534%；The total export volume of buses was 17,526, a year-on-year increase of 3039%；The total export volume of school buses was 272, a year-on-year increase of 10148%；The total export volume of other buses was 1,421 units, a year-on-year increase of 17646%。
It can be seen that in the passenger car export market from January to December, seat buses are still responsible for sales, followed by buses, and these two types support the export performance of the whole year of 2023. School buses and other buses originally had a small base, so they had little impact on overall performance. In general, the export sales of seat buses, buses, school buses and other four major subdivisions are on the rise, and the development trend is good.
Yutong's export volume ranks first
The top 10 companies are relatively stable
From the perspective of bus companies, from January to December this year, according to the export situation of 21 enterprises that have been counted, 8 enterprises increased in a negative value, and among the other 13 enterprises, 5 companies increased by 3 digits. Among them, JMC Jingma had the highest increase, reaching 30389%。Yutong Bus has the largest export volume and is at the top of the list.
From the ranking of the top ten enterprises, the top ten bus export enterprises are Yutong Bus (10,165), Xiamen Golden Brigade (6,946), Xiamen King Long (6,629), Suzhou King Long (5,247), Zhongtong Bus (3,804), BYD (3,148), Jiangling Jingma (2,076), Beiqi Foton (1,365), Yaxing Bus (1,323), Ankai Bus (1,212). From January to December, the top ten enterprises exported a total of 41,915 buses, an increase of 12,288 over the same period last year, an increase of 4148%。
From January to December, the top 10 car companies were relatively stable. Compared with the 1-11 months, except for the ranking positions of Yaxing Bus and Ankai Bus, the positions of the rest of the companies have not changed. It can be seen that the current competition pattern of overseas markets of leading enterprises is relatively stable.
Yutong leads the export volume of large bus market
Xiamen King Long topped the list of light passenger cars
From the performance of car companies in specific market segments, from January to December, Yutong topped the list in the field of large buses, with export sales reaching 8243, an increase of 11749%。The other 9 are Suzhou Jinlong, Xiamen Jinlu, Zhongtong Bus, BYD, Xiamen Jinlong, Beiqi Foton, Yaxing Bus, Ankai, and Guilin Bus. Among the top 10 companies, the highest increase was Ankai, reaching 15616%。
In the field of medium-sized buses, Yutong is also the first in the top ten, and the other 9 are Xiamen Golden Brigade, Zhongtong Bus, Ankai, Suzhou Golden Dragon, Xiamen Golden Dragon, BYD, Beiqi Foton, Yaxing Bus, (Yangzhou) Yaxing New Energy. Among them, the export volume of 8 enterprises is growing positively, and the highest increase is Yaxing bus, with an export volume increase of 2773%.
In the field of light buses, Yutong fell out of the top 10, which shows that this field is not the focus of Yutong for the time being. In the field of light buses, the top ten companies are Xiamen Jinlong, Xiamen Jinlv, Jiangling Jingma, Suzhou Jinlong, FAW Jiefang Automobile Changchun Smart Bus Branch, (Yangzhou) Yaxing New Energy, Yaxing Bus, Zhongtong Bus, Dongfeng Special, Ankai. From the perspective of ranking, the position of the top five companies is stable, and there is no change in the position from January to November. There have been some changes in the last five rankings, but the companies entering the game are basically the same as before, indicating that the competition is fierce, but the pattern is not turbulent.
From the perspective of subdivided categories, in the category of large seat buses, among the top ten enterprises, Yutong Bus ranks first, Suzhou Jinlong ranks second, and Zhongtong Bus follows. The remaining 7 companies are Xiamen Golden Dragon, Xiamen Golden Brigade, Yaxing Bus, Ankai, Beiqi Foton, Guilin Bus, and Shenlong Bus. Among the ten companies, in addition to the negative growth rate of Guilin bus, there are 4 companies with a three-digit growth rate and 5 companies with a double-digit growth, which shows that the overseas performance in this field is still relatively optimistic.
In the category of large buses, the top 10 companies in terms of export volume are Yutong, BYD, Xiamen Golden Brigade, Suzhou Golden Dragon, Zhongtong, Beiqi Foton, Xiamen Golden Dragon, Yaxing Bus, Ankai and Geely Commercial Vehicles. Among these ten companies, Yutong not only ranks first in terms of sales, but also has the highest growth rate, reaching 20510%。
In the category of medium-sized passenger cars, the top 10 companies in terms of export volume are Yutong, Zhongtong, Suzhou Jinlong, Xiamen Jinlong, Yaxing Bus, Xiamen Golden Brigade, (Yangzhou) Yaxing New Energy, Jiangling Jingma, Ankai, and Beiqi Foton. Among them, the growth rate of Zhongtong and Yaxing buses has reached 3 digits, respectively. 55%。
In the category of medium-sized buses, the top ten enterprises in terms of export volume are Xiamen Golden Brigade, Ankai, BYD, Yutong, Beiqi Foton, Xiamen Jinlong, Suzhou Jinlong, Zhongtong, Yaxing Bus and Guilin Bus. Among them, the sales volume of Xiamen Golden Brigade and Ankai are not only in the top two, but the export volume is also in a state of year-on-year surge, and the growth rate has reached respectively. 87%。
The type of light-seat passenger car is also more popular overseas, and the top ten companies are Xiamen King Long, Xiamen Golden Brigade, Jiangling Jingma, Suzhou King Long, (Yangzhou) Yaxing New Energy, Yaxing Bus, Zhongtong, Ankai, Dongfeng Special, and Beiqi Foton. The top three exports all reached 4 digits, and the highest increase was Jiangling Jingma, reaching 22868%。
Throughout 2023, the bus export market will be warm, showing a recovery scene. The sales position of the top 10 companies is relatively stable. It is foreseeable that the bus export market in 2024 is still relatively optimistic. We will continue to pay attention.