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Over a month has elapsed since the eruption of the Middle East conflict, and its repercussions on Japan's automotive industry have only deepened. In March, Japan witnessed a significant month-on-month decline of around 30% in its imports of petroleum-based products, notably naphtha. This downturn has precipitated a surge in prices for automotive components and tires, consequently driving up automobile production costs. As a result, automakers are facing squeezed profit margins and a diminished competitive edge in the market. Simultaneously, the disruption in the transportation of finished vehicles has impeded the delivery of cars to the Middle East market. Consequently, several automakers have been compelled to scale back or entirely suspend the production of certain models.
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