Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

Recently, Big Bit Information investigated the foreign trade situation of magnetic components, focusing on understanding the impact of the new crown virus epidemic on the development of the magnetic components industry, and reflecting the psychological expectations of these companies on the import and export situation this year. The survey companies cover the industry’s well-known medium and large magnetic device company.

96% of enterprises have import and export business

As of March 11, the latest survey data shows that 96% of enterprises have import and export business. 90% of the surveyed enterprises are mainly engaged in general trade, and only 10% are mainly engaged in processing trade.

Import and export trade business accounts for 24.39% of the company’s business below 20%, 14.63% between 20% and 50%, and 60.98% of the companies above 50%. The main import sources of these enterprises are Europe, America, Japan and South Korea.

  

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

More than half of enterprises use domestic materials

Among the companies surveyed, 31.7% of the companies purchased raw materials for the production of devices from abroad, 53.92% of the companies expected that the arrival of raw materials in the first half of 2020 would reach more than 50%, and 23% of the companies said that the raw materials in the first half of this year. Arrivals may drop to within 10%.

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

50% of enterprises said that imports were affected to some extent due to the epidemic, and another 50% said that they were basically not affected.

68.75% of the companies said that the signed import orders have not been cancelled, and 25% of the companies thought that they would face the cancellation of orders within 10%.

Valid data from the survey also showed that 68.3% of the enterprises used domestic materials in production and did not import products.

 

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

 

Nearly 20% of the magnetic parts export business said they were affected

According to the survey data, 80.49% of the surveyed enterprises have the business of exporting products. Among them, 60% are sold to European and American markets, and 31.12% are sold to Japan and South Korea. In addition, a few companies’ products are also sold to Singapore, Malaysia, Thailand, India, Vietnam and Africa.

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

  

Under the influence of the epidemic, some companies expressed concern about the export situation in the first half of this year. 67.57% of the companies expect that exports will decline in the first half of 2020. It is generally believed that the decline will be between 10% and 30%, and some companies even expect a decline in orders of more than 50%.

The data shows that 32.43% of the companies are still optimistic about the export situation of enterprises in the first half of this year, believing that their export volume will be the same as that of previous years, or even increase.

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

56% of the companies said that the signed export orders have not been cancelled, and 21.88% of the companies believed that they would face the cancellation of orders within 10%.

31.25% of enterprises believe that the cooperative relationship with foreign buyers will be affected. 56.25% of the enterprises believe that it is basically unaffected.

In view of the current global epidemic prevention and control situation, in addition to considering the interaction between cooperative enterprises, they will also be restricted by the import and export customs of both trading countries. 34.38% of enterprises believed that their export business was affected by trade restrictions to a certain extent, and a very few enterprises said that they were greatly affected. Another 53.13% of enterprises said that they are basically not affected at present.

The resumption of work has greatly improved

As of March 12, all the companies surveyed have resumed work. The current rate of workers returning to work is between 30%-80% and 50%-80%. 34.4%, 15.62% of the workers have arrived. The post-employment rate is as high as 80%, and only 9.38% of the enterprise workers have a post-employment rate below 30%.

 

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

 

In terms of current capacity utilization rate, 40.6% of enterprises can reach 50%-80%, 15.62% of enterprises are 30%-50%, 12.5% ​​of enterprises are lower than 30%, and another 12.5% of enterprises have a utilization rate above 80%.

Investigation on the latest situation of the import and export business of magnetic parts enterprises under the epidemic

On February 9th, a survey on the resumption of work of magnetic parts companies conducted by Big Bit Information showed that the resumption rate of enterprises at that time was only 40-50%, and this data was achieved when the employee arrival rate was low. Rate. Compared with the resumption of work on March 12, it has been greatly improved in terms of the resumption rate of enterprises, the rate of return to work, and the utilization rate of production capacity.

The situation abroad is still very serious

At present, the domestic epidemic situation has been significantly improved, but the domestic situation is not optimistic. There have been outbreaks in hundreds of countries. Judging from the survey situation, whether it is import or export, the main regions for enterprises are Japan, South Korea, Europe and the United States and other regions. At the same time, Japan, South Korea, Europe and the United States and other regions are also hardest hit by the new coronavirus outside China.

As of 9:00 a.m. on March 13, the cumulative number of infected people in South Korea has reached 7,979, 690 in Japan, 1,459 in the United States, nearly 3,000 in France, Spain, and Germany, and 15,113 in Italy. Italian Prime Minister Conte announced again on the evening of the 9th that starting from the 10th local time, the entire country of Italy will be blocked until April 3rd.

The “Wall Street Journal” reported that if the epidemic continues to spread in European countries, it is not ruled out that other countries will take measures to close the city and the country one after another. Today, transportation to and from Europe has been blocked, which has had an impact on the European economy.

Washington and 24 states in the United States entered a state of emergency. On March 10, American Airlines announced the latest flight adjustments on its official website, significantly delaying the resumption of flights to China until October 24.

 

 

More than 80 percent of Korean Air’s international capacity has been cut due to global travel restrictions, compared with just 18 percent during the 1997-1998 Asian financial crisis, said Korean Air President Woo Kee Hong.

On the 12th, according to the flight plans submitted by Chinese and foreign airlines, in the next week (March 16-22), my country will reduce another 89 flights.

In response to the current logistics situation, the reporter of “Magnetic Components and Power Supply” interviewed several international logistics practitioners. They all said that due to the current rapid reduction of flights, the transportation capacity was tight, which eventually pushed up the freight price, whether it is air freight or sea freight. Soaring, and not only expensive but also difficult to book a cabin.

Retreat and attack

At present, the domestic government has not imposed any trade bans on foreign countries. Whether further measures will be taken in the future, we will continue to pay attention to the latest trends of the government.

In view of the current situation, although the survey reflects the current situation, practitioners should make their own conclusions based on the actual development of the enterprise.

It is not ruled out that some enterprises may make timely adjustments in response to the domestic and foreign situation and the current development difficulties faced by enterprises. In terms of raw material demand, more domestic materials are considered.

In terms of device product sales, increasing the development of the domestic market is also a direction that companies can consider in the future, especially for export-oriented companies. In the survey, 80.49% of magnetic device companies have the business of exporting products.

It is reported that in order to alleviate the current downward pressure on the economy and promote the smooth operation of the social economy, the central government has made many decisions to focus on promoting the process of “new infrastructure” this year, including 5G, new energy vehicles, charging piles, rail transit and other fields. They are all key application terminals of magnetic component products, and the domestic market is very large.

At present, some foreign countries have become a major outbreak situation, and many countries are still in the early stage of the epidemic. Will it have a greater impact on my country’s product exports in the future? We will also continue to observe the changes with everyone. The above relevant survey data and opinions It is also for industry reference only.

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