Brazil Records Record Cycle Output
January 21, 2005
Filed under Features
Brazil's motorcycle industry produced 1.057 million units in 2004, according to data released by the Brazilian Association of Motorcycles and Bicycles (Abraciclo).
Domestic sales totaled 911,000 units last year, up 7.5% from 2003. Exports jumped 56% to 157,000 motorcycles by the same comparison. These figures make the South American country the world's fifth largest motorcycle market, and the second largest cycle exporter behind China.
For 2005, Abraciclo forecasts production of 1.146 million units, representing growth of 8% from last year. Domestic sales during 2005 are expected to rise 4% to 936,000 units, while exports are expected to rise 12% to 176,000 units.