COVID-19 disease is hitting the world economy as never seen before, but, how is it really impacting on the volume of aftermarket demand in the different countries?
We have analyzed in detail the aftermarket demand of last 6 months in different countries, period analyzed is:
October 3rd 2019 – April 3rd 2020
Lets see demand volume chart on some of main countries:
China: Demand plummeted to -100% in mid-January 2020, but has gradually been recovering until returning to normal volume.
Italy: Demand began to decline in late February 2020, down -60% until mid-March. From then until now the volume of demand remains stable at -60%.
Spain: demand plummeted by -50% in mid-March 2020 and has been declining to -70% in the first week of April.
France: demand plummeted by -50% in mid-March 2020 and has been stable at -50% until the first week of April.
Germany: Demand fell by -20% in mid-March 2020 and has been stable at -20% until the first week of April.
United Kingdom: at the beginning of March 2020, demand began to drop by -5% or -10% points weekly, reaching -30% in the first week of April.
The Netherlands: demand fell by -35% in mid-March 2020 and has been stable at -35% until the first week of April.
Global: global demand has suffered a drop of -35% since the first mid-March 2020 and has remained stable at these levels until early April.
Let’s hope that everything returns to normal as soon as possible and that demand returns to its usual levels.
*** If you want to know the demand information in other countries,
please contact us and we will provide it. ***
By Joan Cabós
CEO & founder