The automotive sector invoices 22,423 million euros in the BAC, 22% more than in 2021
This exceeds the figures from before the pandemic. From the Automotive Cluster of Euskadi they assure that the results are due to “operative improvements” and “the diversification of the companies”.
-
listen to the page
listen to the page -
Euskaraz irakurri
Euskaraz irakurri: Automozioaren sektoreak 22,423 milioi euro fakturatu zituen iaz EAEn, 2021ean baino % 22 gehiago
He automotive sector billed 22 423 million euros in the Basque Country in 2022, 22.2% more than in the previous year, exceeding the figures from before the pandemic (20.3 billion). This figure does not include the specific weight of Mercedes-Benz Vitoria.
According to Inés Anitua, General Director of the Automotive Cluster of the Basque Country ACICAE, “these results are a consequence of the diversification of the companies and their operational improvements, as well as the increase in the cost of raw materials”. However, he affirms that “we must be prudent given the situation of instability and complexity of the market.” In any case, he adds, “in 2023 we expect revenue growth of 6.1%.”
With regard to employment in the sector, last year an increase of 1% was registered with respect to the previous year in the plants in Álava, Bizkaia and Gipuzkoa. This year a rise of around 2.26% is expected in this matter.
On the other hand, according to the data provided by the Cluster, 90% of the sector’s sales continue to be international, and more than half of them are generated outside of Europe. The sector has also maintained its factories abroad, which reach 345 production plants in 32 countries, both in emerging and traditional markets.
Regarding sales, 74.8% goes to vehicle manufacturers and 17.5% to first-level suppliers, leaving 7.7% for spare parts. Regarding the type of vehicles, 87.6% are passenger, 9% are commercial or industrial, 2.6% are coaches and 0.8% are motorcycles.
The automotive sector in the CV is made up of some 300 component companies ranging from multinationals with foreign capital, local multinationals, cooperatives or family businesses.
Source: Eitb
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
