Denmark, Copenhagen – 22 December 2024.  

In November, China exported 548.6k cars, a 6.2% decrease month-on-month, but still reflecting a solid 4.7% year-on-year growth. Although we’ve observed some slowing in year-on-year growth in recent months, this is likely due to global car sales cooling, which naturally impacts export volumes, according to Fearnleys. Year-to-date, Chinese car exports have risen by 23%.

Despite signs of freight rates easing, the market remains strong with stable export volumes. While growth may flatten as global car sales adjust and fleet capacity expands by 12% in 2025, the outlook for next year remains positive with normalization expected rather than decline.

Source: Fearnleys Research