Sealand Securities released a research report indicating that China's motorcycle exports continue to show robust growth, with a year-on-year (yoy) increase of 10% in October 2025, sustaining a "recommend" rating.
By export volume, Asia, Africa, and Latin America remain the primary destinations, with Africa and Asia maintaining high growth rates of +15.0% and +42.9% yoy, respectively. For motorcycles with engine displacements >250cc, all regions except Latin America recorded positive growth. Key insights include:
**Strong Export Growth in October 2025** According to customs data, China's motorcycle exports reached 1.41 million units in October 2025, up 10% yoy. By displacement: - ≤250cc models: 1.35 million units (+10% yoy) - >250cc models: 60,000 units (+9% yoy)
**Regional Breakdown** Top export destinations by volume: 1. Latin America: 563,000 units (-3.7% yoy) 2. Africa: 448,000 units (+15.0% yoy) 3. Asia: 301,000 units (+42.9% yoy) 4. Europe: 60,000 units (-5.9% yoy) 5. North America: 33,000 units (+2.9% yoy) 6. Oceania: 4,000 units (-17.5% yoy)
**>250cc Segment Performance** - Latin America: 33,836 units (-17% yoy) - Europe: 21,481 units (+72% yoy) - Asia: 5,451 units (+48% yoy) - North America: 958 units (+594% yoy) - Africa: 1,053 units (+23% yoy) - Oceania: 671 units (+36% yoy)
**Risk Factors** Potential risks include slower-than-expected growth in mid-to-large displacement motorcycles, regulatory restrictions, tariff hikes, demand downturns, currency fluctuations, raw material price volatility, and escalating U.S.-China trade tensions. Data is for reference only and does not constitute investment advice.
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