The used car export market is constantly influenced by global economic conditions and regional demand. Analyzing the data from August to September 2024 reveals significant changes in several key markets. This article focuses on these markets, highlighting the main factors behind the notable growth or decline observed.
Analysis of Markets with Significant Growth (August to September)
Based on data from August to September 2024, this analysis examines the markets where export volumes significantly declined: New Zealand, Chile, and Bangladesh. By understanding the short-term factors behind these decreases, valuable insights can be gained for reviewing future market trends and export strategies.
Myanmar: Economic Policy Impact and Temporary Easing of Import Restrictions
Factor: From August to September 2024, Myanmar experienced a temporary easing of import restrictions, which led to increased demand for used car imports. Given the volatile nature of Myanmar’s economy, such temporary opportunities often result in sharp increases in demand. Additionally, a September 2024 report by the Asian Development Bank (ADB) indicated that the government’s push for infrastructure development has spurred a rise in transportation needs, with Japanese used cars, known for their affordability, gaining significant attention.
Insights on Myanmar's economic policy have been reported by the ADB and local media such as The Myanmar Times. Statistics from the Myanmar Chamber of Commerce also confirmed the surge in demand linked to the temporary relaxation of import regulations.
United Kingdom: Shifts in Consumer Behavior Due to Inflation
Factor: In the UK, accelerating inflation from August to September 2024 changed consumer spending patterns as living costs increased. This shift led to heightened interest in affordable used cars, as consumers moved away from new car purchases. Additionally, with the back-to-school and work season in autumn, the demand for vehicles typically rises at the end of summer.
The inflation data and consumer behavior trends are supported by reports from the UK’s Office for National Statistics (ONS) and news coverage by the BBC. The increase in used car demand during this period is also documented in the September 2024 market survey by the Automobile Association (AA).
Russia: Implementation of Import Duty Exemptions
Factor: In August 2024, Russia introduced import duty exemptions as part of an economic support package, reducing the cost of importing used cars. This policy spurred a surge in Japanese used car imports, especially in coastal regions where import dealers expanded their distribution channels.
The Ministry of Economic Development’s August policy changes and statistics from the Russian Automotive Industry Association underscore the increase in used car imports. Reports by TASS and The Moscow Times have also highlighted the positive effects of these exemptions on the auto import industry.
Cyprus: Increased Used Car Demand Post-Summer Tourist Season
Factor: In Cyprus, consumer purchasing activity typically increases after the summer tourist season ends. Following the end of the 2024 season in August, local used car dealers boosted their inventories and launched promotions, contributing to a spike in demand. The ongoing economic recovery also fueled interest in affordable and reliable Japanese used cars.
The Cyprus Tourism Organization’s report on post-tourist season consumption and local media such as Cyprus Mail have noted this trend. The European Economic Agency (EEA) has also pointed out that the economic recovery is supporting increased local consumption.
Analysis of Markets with Significant Decline (August to September)
Based on data from August to September 2024, this analysis examines the markets where export volumes significantly declined: New Zealand, Chile, and Bangladesh. By understanding the short-term factors behind these decreases, valuable insights can be gained for reviewing future market trends and export strategies.
New Zealand: Temporary Import Reduction Due to Yen Depreciation and Inventory Adjustments
Factor: In New Zealand, the depreciation of the Japanese yen from August to September 2024 lowered import costs. Consequently, many dealers secured ample stock in August, leading to a temporary dip in demand in September. The New Zealand Chamber of Commerce’s monthly report (September 2024) attributed the drop to inventory adjustments, while the Reserve Bank of New Zealand (RBNZ) confirmed that the yen's fluctuation influenced purchasing behavior.
Chile: Import Tariff Hikes and Economic Slowdown Impacting Demand
Factor: In August 2024, Chile temporarily raised import tariffs, increasing the cost of purchasing foreign used cars, including those from Japan. As a result, local dealers curtailed new imports and focused on existing stock. The economic downturn, marked by rising unemployment and declining consumer confidence, further contributed to reduced demand.
This trend was highlighted in the Chilean Ministry of Finance’s August announcement and supported by the National Statistics Institute’s (INE) September economic report, showing a drop in consumer purchasing intent.
Bangladesh: Decline in Foreign Reserves and Stricter Import Regulations
Factor: In August 2024, Bangladesh saw a significant drop in foreign reserves, prompting the government to tighten import regulations. This change impacted high-value and luxury items, including used cars, leading to a notable decline in imports. Additionally, economic difficulties have reduced consumer purchasing power, curbing new import activities.
The Bangladesh Central Bank’s August report on foreign reserves confirmed these findings, and local media such as The Daily Star reported on the impact of inflation and reduced consumer spending on import volumes.
Our NVOCC Services: Supporting Flexible Exports Aligned with Market Trends
Our NVOCC services offer flexible export support that adapts to client needs and market fluctuations. By maintaining high customer satisfaction, we continue to grow as a trusted partner in the used car export industry.
国名 | Country name | 8月 | 9月 | 増減割合 |
ロシア | RUSSIA | 15,153 | 21,801 | 44% |
アラブ首長国連邦 | UAE | 16,284 | 16,577 | 2% |
モンゴル | Mongolia | 7,347 | 7,919 | 8% |
タンザニア | Tanzania | 7,725 | 5,772 | -25% |
ケニア | KENYA | 6,270 | 5,543 | -12% |
南アフリカ共和国 | SOUTH AFRICA | 3,411 | 4,428 | 30% |
ウガンダ | Uganda | 3,280 | 3,428 | 5% |
ニュージーランド | NEW ZEALAND | 5,888 | 3,250 | -45% |
フィリピン | PHILIPPINE | 3,691 | 3,096 | -16% |
チリ | CHILE | 5,407 | 3,035 | -44% |
タイ | Thailand | 2,715 | 2,914 | 7% |
パキスタン | Pakistan | 3,099 | 2,722 | -12% |
キプロス | CYPLUS | 1,337 | 2,030 | 52% |
マレーシア | MALYSIA | 2,166 | 1,979 | -9% |
オーストラリア | AUSTRALIA | 1,650 | 1,939 | 18% |
ジャマイカ | JAMAICA | 3,631 | 1,886 | -48% |
ミャンマー | Myanmar | 989 | 1,767 | 79% |
英国 | United Kingdom | 1,032 | 1,743 | 69% |
ザンビア | Zambia | 1,725 | 1,584 | -8% |
ナイジェリア | Nigeria | 1,446 | 1,480 | 2% |
アメリカ合衆国 | United states of america | 1,115 | 1,475 | 32% |
コンゴ民主共和国 | Democratic Republic of the Congo | 2,756 | 1,421 | -48% |
ガイアナ | Guyana | 1,588 | 1,280 | -19% |
大韓民国 | Republic of Korea | 1,086 | 1,226 | 13% |
バングラデシュ | BANGLADESH | 2,040 | 1,172 | -43% |
ジンバブエ | Zimbabwe | 1,631 | 961 | -41% |
アイルランド | Ireland | 983 | 879 | -11% |
ガーナ | Ghana | 567 | 878 | 55% |
モーリシャス | Mauritius | 1,080 | 876 | -19% |
モザンビーク | Mozambique | 1,538 | 846 | -45% |
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