118th Canton Fair Live: African sourcing motorcycle from China
For most African,
automobile is considered luxury item to afford, hence motorcycles become local
residents’ best choice. At the 118th Canton Fair, many African
customers are spotted at motorcycle booths for export business.
Statistics show
that China is the top exporter of motorcycles to Nigeria - one of the biggest
economy in Africa – the country has exported over 790,000 motorcycles to
Nigeria that hits 38.3 million US dollars, which composes 10.22% of the total
amounts of exported motorcycles and 9.21% of the total export revenue.
Mario, an Italian
buyer told us at the Fair that, Italy produces various types of high quality motorcycles
while the price is relatively high. Since motorcycles made in China has a
certain market share in the middle and low-end market, Mario intends to purchase
and import diesel motorcycle from Canton Fair to Italy and then export to Africa.
To compete in the
global market, a number of domestic motorcycle companies are trying to build up
strong international brand image. Lv Yanjun, the Overseas Business Manager of
Qingqi, a motorcycle company in Jinan city, told us that their company has
invested a lot of money on product innovation and won good reputation in
Southeast Asia market for their motorcycles. However, with the influx of other Chinese
products and the following price war, Qinqi Company was forced to adjust their sales
strategy and switch to developed markets like Europe and the United States,
where the product quality is paid more attention than the price.
To expand into international
market, China’s motorcycle companies are expected to devise a global strategy,
maintain competitive pricing while at the same time bringing innovation into
the products to become globally competitive.
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