Continuous decrease in Aril mounts more pressure on China’s motorcycle industry
Accroding to the China Chamber of Commerce for Motorcycle (CCCM), both production and sales volume reported significant decrease in April MoM and YoY, continuing the accumulative decline since January 2022 with a trend to expand.
In April, the motorcycle industry in China recorded 1.3252 million and 1.3922 million units in production and sales respectively, with a 18% MoM and 31.08% YoY decrease in the former, and a 12.28% and 26.24% delince in the latter. In terms of electric motorcycles, production dropped by 68.96% MoM and 26.37% YoY and reproted 309.6 thousand units, while sales suffered a similar deline of 69.94% MoM and 26.53% YoY and ended up with 297.8 thousand units.
Summing up the statistics from January to April, the industry’s overall figures are: production at 5.4197 million units with 17.42% YoY decrease and sales at 5.5128 million units with 16.32% YoY decrease; for electric motorcycles, production at 997.3 thousand units with 23.1% YoY decrease and sales at 990.6 thousand units with 21.73% YoY decrease.
The top ten exporters in the industry, in decreasing order, are Locin, Dachangjiang, Zongshen Motor, Honda-Sundiro, TAYO Motorcycle, Yinxiang Motorcycle, Lifan Motos, SANYA Motor, Dayun Motor and SYM.
The contributing fators to such depression include disrupted production due to unpredicted COVID-19 surges in China, rising cost of raw materials, as well as international freight at its peak. The exprot volume continued to delince in April on YoY and MoM basis, expanding the shrinkage since January this year and mounting pressure to the industry in China.