Giant Manufacturing Co., Ltd. (Giant Group) saw June 2025 deliver the company’s worst monthly year-over-year bike shipment trend since October 2023 as sales fell 30 percent, the third consecutive double-digit decline.
June shipments declined 30.0 percent y/y to NT$4.97 billion, pushing the six-month first half period to a decline of 12.4 percent y/y to NT$32.6 billion. The June decline further builds on a 29.3 percent y/y decline in May 2024 and a 17.1 percent y/y decline in April 2025.
The trend line has been negative for most of the first half, except for a big month for the manufacturer in February when shipment sales volume jumped 30 percent y/y, thought to be due primarily to pull-ahead shipments as the market reacted to tariffs that took effect in March as U.S. brands and factories across Asia moved shipments up to ensure pricing.
The sharp first-half decline came on top of a similar 12.5 percent decline in the 2024 first half.
Second-quarter shipments totaled NT$15.8 billion, a 25.6 percent decline year-over-year. The 2024 Q2 period was relatively stable, declining just 5.6 percent compared to the 2023 Q2 period before turning positive in Q3 2024.
First-quarter shipments totaled NT$16.9 billion, a 4.9 percent year-over-year increase, and outpaced a 20.3 percent decline in the 2024 first quarter.
Giant Group reports in New Taiwan dollars (NT$).
Image courtesy Giant Manufacturing Co., Ltd.
