Giant Manufacturing Co., Ltd. (Giant Group) saw May 2025 monthly bike shipments crater nearly 30 percent year-over-year (y/y), the second consecutive monthly double-digit decline.
April shipments declined 17.1 percent.
The trend line has been negative for most of the year so far, 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.
May shipments declined 29.3 percent y/y to NT$5.06 billion, pushing the five-month year-to-date period to a decline of 8.3 percent y/y to NT$27.6 billion. The May decline builds on a 7.3 percent decline in May 2024.
Giant Group reports in New Taiwan dollars (NT$).
Image courtesy Giant Manufacturing Co., Ltd.
