ASEAN: Market for Motorcycles and Cycles With an Auxiliary Motor 2025

Market Size for Motorcycles and Cycles With an Auxiliary Motor in ASEAN

The ASEAN market for motorcycles and cycles with an auxiliary motor expanded remarkably to $X in 2021, with an increase of 9.7% against the previous year. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +98.4% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Production of Motorcycles and Cycles With an Auxiliary Motor in ASEAN

In value terms, production of motorcycles and cycles with an auxiliary motor contracted sharply to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, production reached the peak level of $X, and then declined sharply in the following year.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in ASEAN

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor increased by 2.6% to X units, rising for the third year in a row after two years of decline. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 207% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of motorcycles and cycles with an auxiliary motor fell to $X in 2021. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 225% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand was the key exporting country with an export of around X units, which amounted to 66% of total exports. It was distantly followed by Vietnam (X units), constituting a 31% share of total exports. Indonesia (X units) held a little share of total exports.

Thailand was also the fastest-growing in terms of the motorcycles and cycles with an auxiliary motor exports, with a CAGR of +30.6% from 2012 to 2021. At the same time, Vietnam (+19.6%) and Indonesia (+3.7%) displayed positive paces of growth. While the share of Thailand (+26 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-10.2 p.p.) and Vietnam (-10.9 p.p.) displayed negative dynamics.

In value terms, the largest motorcycles and cycles with an auxiliary motor supplying countries in ASEAN were Thailand ($X), Vietnam ($X) and Indonesia ($X), together comprising 100% of total exports.

Thailand, with a CAGR of +19.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, falling by -12.7% against the previous year. Over the period under review, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by 52%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.6%), while the other leaders experienced a decline in the export price figures.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in ASEAN

In 2021, the amount of motorcycles and cycles with an auxiliary motor imported in ASEAN rose slightly to X units, surging by 2.8% compared with the previous year's figure. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2016 when imports increased by 96%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of motorcycles and cycles with an auxiliary motor contracted rapidly to $X in 2021. In general, imports showed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 115%. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Cambodia (X units) and Myanmar (X units) dominates motor structure, together achieving 83% of total imports. Thailand (X units) took the next position in the ranking, followed by the Philippines (X units). All these countries together took near 12% share of total imports. The following importers - Indonesia (X units) and Malaysia (X units) - each reached a 4% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) constitutes the largest market for imported motorcycles and cycles with an auxiliary motor in ASEAN, comprising 56% of total imports. The second position in the ranking was held by Cambodia ($X), with a 19% share of total imports. It was followed by the Philippines, with a 9.6% share.

In Myanmar, imports of motorcycles and cycles with an auxiliary motor increased at an average annual rate of +24.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cambodia (+5.2% per year) and the Philippines (+15.8% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, shrinking by -25.3% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the import price increased by 38% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+22.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform