{"id":5212,"date":"2024-02-25T13:32:37","date_gmt":"2024-02-25T13:32:37","guid":{"rendered":"https:\/\/globalautosources.com\/?p=5212"},"modified":"2024-02-25T13:32:37","modified_gmt":"2024-02-25T13:32:37","slug":"over-17-million-chinese-motorcycles-produced-and-sold-in-2020","status":"publish","type":"post","link":"https:\/\/globalautosources.com\/?p=5212","title":{"rendered":"Over 17 Million Chinese Motorcycles Produced And Sold In 2020"},"content":{"rendered":"
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In 2020, due to the impact of the epidemic, the world economy suffered\u00a0a severe recession, the circulation of the industrial and supply chains was disrupted, international trade and investment shrank, the commodity market was in turmoil, and domestic consumption, investment and export declined. In February, the production and sales of China\u2019s motorcycle industry declined by more than 70%\u00a0year on year, and more than half of the enterprises ceased production.<\/p>\n

With the strong support of national policies\u00a0and unified deployment, the upstream and downstream enterprises of the whole industry made joint efforts. Driven by\u00a0internal and external demands, the motorcycle industry was among the first to recover\u00a0from the impact of the epidemic. In 2020, the production and sales of Chinese motorcycles exceeded 17 million, down by about 1% year on year. Domestic sales reached about 10 million, down by only 0.32% compared with last year.<\/p>\n

Production & sales<\/b><\/strong><\/p>\n

Due to the precise and effective prevention and control of the epidemic, the central and local governments issued a series of relief\u00a0policies to promote the resumption of work and production. Since March, the domestic market of China\u2019s motorcycle industry began to recover at an accelerated pace. From January to April, the sales volume was basically flat with that of the same period the\u00a0year\u00a0before. But in the same period, due to the outbreak in\u00a0overseas markets, exports fell sharply, dragging down the overall recovery of the industry. Since the second half of the year, with the improvement of overseas markets, the industry began to recover comprehensively. During the peak season, about 3.4 million motorcycles were sold, an increase of 10.29% year-on-year, which accelerated the progress of industry recovery.<\/p>\n

In 2020, according to\u00a0the statistics of\u00a0China Chamber of Commerce\u00a0for Motorcycle,\u00a093 backbone enterprises\u00a0produced and sold\u00a017,023,500 and 17,066,700 motorcycles\u00a0respectively, down 1.98% and 0.38% year on year.<\/p>\n

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The large displacement recreational motorcycle market\u00a0has seen rapid development\u00a0since 2013.\u00a0After 8 years,\u00a0consumer groups gradually scaled up, which has driven\u00a0the development of the peripheral industries, such as motorcycle\u00a0touring, clothing\u00a0& gear, and modification parts.<\/p>\n

In 2020, the production and sales of motorcycles\u00a0above 250cc was about 208,800\u00a0units, with a year-on-year increase of 13.32% and a 14-fold increase compared with that of 2013 (13,000\u00a0units).<\/p>\n

From the perspective of total motorcycles\u00a0in Chinese market, large-displacement motorcycles\u00a0only accounts for about 3%, indicating a\u00a0huge growth potential. With the continuous increase of residents\u2019 income and the expansion of middle and highe income groups, it is expected that large-displacement motorcycles will account for 10% of the total motorcycle market in China in the future. In 2020, the production and sales of small and medium displacement two-wheeled motorcycles (displacement\u2264250cc) in China was\u00a0about 12.3474 million, down 5.87% year on year; domestic sales reached 5.7542 million units, down 10.51% year on year. Electric motorcycles are mainly sold in the domestic market, with a small amount of exports. In 2020, the sales of electric motorcycles reached 2,295,400\u00a0units, with a year-on-year growth of 20.91%.<\/p>\n

In 2020, among the top 10 enterprises in production and sales, 2 enterprises saw\u00a0increase and 8\u00a0saw\u00a0decrease; 8\u00a0of the top 20 enterprises\u00a0saw year-on-year growth, while 12 saw a decline. The decline was mainly due to the epidemic. The\u00a0competition in the domestic and overseas markets of small and medium displacement motorcycles\u00a0becomes more intense.<\/p>\n

In\u00a02020, the top 10 enterprises\u00a0in sales\u00a0were Dachangjiang, Zongshen, Loncin, Lifan, Yinxiang, Wuyang-Honda, Dayang, Sundiro-Honda, Luyuan, Sunra, which respectively sold\u00a01.8873 million, 1.1426 million, 1.0742 million, 882,200, 861,600, 810,800, 727,300, 706,800, 637,600, and 529,500\u00a0units.<\/p>\n

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Export<\/b><\/strong><\/p>\n

In 2020, the export of Chinese motorcycles overcame the impact of the epidemic and showed\u00a0a recovery trend on the whole. The export quantity and value\u00a0of complete motorcycles have increased compared with that of 2019. According to the customs\u00a0data, in 2020, the export quantity\u00a0of Chinese\u00a0motorcycles\u00a0was 9.6953 million, with a year-on-year growth of 5.86%. The top 10 export destination countries were Mexico, Myanmar, the Philippines, Togo, the United States, Nigeria, Egypt, Ghana, Peru and Iraq. The export\u00a0to the top ten countries\u00a0totaled 4.9562 million units, accounting for 51.12% of the total export, a slight\u00a0decline of 0.71% compared with the year before.\u00a0Among them, the export\u00a0to\u00a0the United States and Iraq increased by 105.83% and 82.87%, respectively. Nigeria and the Philippines saw decline of 34.96% and 31.36%, respectively. In 2020, China\u2019s motorcycle export value was USD5.016 billion, with a year-on-year growth of 4.22%. The top 10 destination countries in export value were Mexico, Togo, the Philippines, Myanmar, the United States, Peru, Nigeria, Ghana, Egypt and Colombia, with a\u00a0total\u00a0value of\u00a0USD2.205 billion, accounting for 43.96% of the total export\u00a0value, a\u00a0slight\u00a0decline of 1.33% compared with the year before.\u00a0Among them, the export to\u00a0Egypt and the United States increased by 73.65% and 72.20% year-on-year, respectively. However, Nigeria and the Philippines saw significant declines of 35.19% and 32.36%, respectively. In 2020, the export quantity of motorcycles (100cc\u00a0< displacement \u2264125cc)\u00a0reached 4.5013 million\u00a0units, a year-on-year decrease of 3.87%, accounting for 42.09% of the total export;\u00a0the export value of these motorcycles reached USD2.111 billion, down 2.91% year-on-year, accounting for 46.43% of the total export value. In 2020, the\u00a0export quantity of motorcycle\u00a0(400cc<displacement \u2264500cc) reached 17,800\u00a0units, a year-on-year growth of 43.54%;\u00a0the export value of these products reached USD57,342,000, a year-on-year growth of 48.67%. According to the recent survey of\u00a0China\u00a0Chamber of Commerce for Motorcycles, the orders of enterprises in the first quarter of 2021 are basically saturated. Although affected by various factors such as rising shipping and raw material prices, most enterprises are still optimistic about the export of this year. It\u00a0is expected that China\u2019s motorcycle export in 2021 will be basically the same as last year or with slight\u00a0increase.<\/p>\n<\/div>\n

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Economic benefits<\/b><\/strong><\/p>\n

From January to November, the total industrial output value of motorcycle manufacturers reached RMB91.178 billion, up by 4.40% year on year; the industrial sales output value reached RMB90.423 billion, up 4.05% year on year; the industrial added value reached RMB17.875 billion, up 13.47% year on year. From January to November, the production-to-sales ratio of motorcycle manufacturers was 99.17%, 0.33 percentage points lower than that of the year\u00a0before\u00a0and 0.26 percentage points lower than that of the first ten months.<\/p>\n

From January to November, motorcycle manufacturers achieved operating income of RMB97.653 billion, up 2.30% year on year; the total profit reached RMB1.421 billion, down 52.43% year on year; total profits and taxes reached RMB3.461 billion, down 31.24% year on year.<\/p>\n

From January to November, the operating cost of motorcycle manufacturers was RMB82.881 billion, with a year-on-year increase of 1.91%; taxes and surcharges amounted to RMB777 million, down 3.56% year on year;\u00a0sales expenses reached RMB3.465 billion, up 0.79% year on year; management expense was RMB4.396 billion, down 3.66% year on year; R&D expense was RMB2.556 billion, up 4.50% year on year; financial expenses reached RMB2.646 billion, up 215.88% year on year. These four expenses totaled RMB13.064 billion, up 15.76% year on year. (Source: mtuocom&CCCM)<\/p>\n<\/div>\n<\/div>\n

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In 2020, due to the impact of the epidemic, the world economy suffered\u00a0a severe recession, the circulation of the industrial and supply chains was disrupted, international trade and investment shrank, the commodity market was in turmoil, and domestic consumption, investment and export declined. In February, the production and sales of China\u2019s motorcycle industry declined by…<\/p>\n","protected":false},"author":1,"featured_media":5213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[186,184],"tags":[],"_links":{"self":[{"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/posts\/5212"}],"collection":[{"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalautosources.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5212"}],"version-history":[{"count":1,"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/posts\/5212\/revisions"}],"predecessor-version":[{"id":5218,"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/posts\/5212\/revisions\/5218"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalautosources.com\/index.php?rest_route=\/wp\/v2\/media\/5213"}],"wp:attachment":[{"href":"https:\/\/globalautosources.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalautosources.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalautosources.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}