Vehicle output of ASEAN region down 39.2 percent in Jan-May

Vehicle output of ASEAN region down 39.2 percent in Jan-May

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ASEAN countries’ vehicle output amounted to 82,023 units in May this year, up by 61.6 month on month and down 77.4 percent year on year, according to the data published by the ASEAN Automotive Federation. In January-May period of the year, the vehicle output in the ASEAN region declined by 39.2 percent year on year to 1.08 million mt, due to the impact of the coronavirus pandemic, SteelOrbis understands.

In the first five months of the year, Thailand’s vehicle output decreased by 40.2 percent year on year to 534,428, while Indonesia produced 352,569 vehicles, down by 32.6 percent from 523,183 units recorded in the corresponding period of the previous year. In the given period, the biggest year-on-year decline of 51.1 percent was recorded in Malaysia, with its vehicle output amounting to 121,005 units. Besides, the vehicle output in Vietnam dropped by 42.1 percent year on year to 46,245 units in January-May period. In the same period, the Philippines produced 23,781 vehicles with a 26.8 percent decline, while Myanmar’s vehicle output amounted to 4,764 units, down by 22.3 percent, both on year-on-year basis.

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