Taiwan 2021. Two-Wheeler Market Lost Hard in Q3 (-20%)

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Taiwan Motorcycles Industry is struggling. In the last quarter sales lost 20% with the Year to Date figures at 583.531, down 12.2% vs the 2020 and -17.2% vs the 2019. The EV specialist Gogoro is losing 22% just before be quoted in the NASDAQ.

Motorcycles Market Trend 2021

Underlying momentum appeared to improve in Q3, despite a likely slowdown in year-on-year growth due to a less favorable base effect. During the quarter, the domestic Covid-19 outbreak was brought firmly under control and restrictions were consequently loosened.

This should have aided the services sector, as suggested by a marked rise in the non-manufacturing index throughout the period. Moreover, merchandise exports continued to surge on ongoing strong global demand for electronics. That said, supply constraints and raw material shortages appeared to weigh somewhat on manufacturers, with the manufacturing PMI averaging lower in Q3 relative to Q2.

In such environment, the two-wheeler industry struggled in Q3, even compared with a strong sales momentum a year ago, following the already very negative score reported in Q2.

In the last quarter sales lost 20% with the Year to Date figures at 583.531, down 12.2% vs the 2020 and -17.2% vs the 2019.

Market leader is again Kymco with 183.771 sales (-22.1%) followed by SYM with 169.050 (-12.5%) and Yamaha with 144.974 (+10.1%).

Gogoro kept struggling losing 22.3%. The e-v specialist just announced a series of partnership and the quotation in the NASDAQ, probably aiming to revamp a negative trend, almost surprising for a start up.