Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Brazil’s automotive industry appears to be recovering after last year’s pandemic-induced restrictions, but the lack of semiconductors and chips led to a decline in July production, according to the National Association of Automotive Vehicle Manufacturers (Anfavea).


In its monthly report, Anfavea noted a 45.8pc increase in vehicle production from January-July 2021, at 1.3 million from 900,000 units manufactured in the first seven months of 2020.


Conversely, output decreased for the second consecutive month by 4.2pc in July, to 163,600 from 170,700 vehicles made a year ago this month.


With the economy recovering, light vehicle sales in Brazil increased by 27.1pc in the first seven months of the year, to 1.2 million units sold from 983,000 between January and July of last year. The jump was 0.6pc in July, to 175,500 from 174,500 units sold during the same month in 2020.


Exports increased 50.7pc between January and July 2021, to 223,900 units from 148,600 units exported in the same year-ago period. In July, Brazilian shipments fell 18.4pc, to 23,800 from 29,100 units exported in the previous year.

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