Asia: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Asia

In 2021, after five years of growth, there was significant decline in the Asian motorcycle and bicycle market, when its value decreased by -7.2% to $X. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% 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 +95.2% against 2012 indices. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Motorcycle And Bicycle Production in Asia

In value terms, motorcycle and bicycle production fell slightly to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 38%. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Motorcycle And Bicycle Exports

Exports in Asia

For the fifth consecutive year, Asia recorded growth in shipments abroad of motorcycles and bicycles, which increased by 16% to X units in 2021. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.1% against 2015 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 104%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, motorcycle and bicycle exports soared to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.3% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. 81% of total exports in 2021. India (X units), Japan (X units), Taiwan (Chinese) (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle exports from China stood at +4.8%. At the same time, India (+12.9%) and Cambodia (+4.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +12.9% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and India increased by +5.2 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle and bicycle supplier in Asia, comprising 52% of total exports. The second position in the ranking was taken by India ($X), with a 9% share of total exports. It was followed by Taiwan (Chinese), with an 8.6% share.

In China, motorcycle and bicycle exports increased at an average annual rate of +8.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+9.6% per year) and Taiwan (Chinese) (+2.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, growing by 19% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the export price increased by 67%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.7%), while the other leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports in Asia

In 2021, the amount of motorcycles and bicycles imported in Asia surged to X units, increasing by 36% on 2020 figures. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.2% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports soared to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of motorcycles and bicycles, namely Pakistan, the Philippines and Japan, represented more than third of total import. It was distantly followed by India (X units), making up a 7.6% share of total imports. Malaysia (X units), Vietnam (X units), Saudi Arabia (X units), Thailand (X units), the United Arab Emirates (X units), South Korea (X units), Indonesia (X units), Nepal (X units) and Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +94.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle importing markets in Asia were the Philippines ($X), Japan ($X) and South Korea ($X), with a combined 41% share of total imports. These countries were followed by Vietnam, Thailand, Malaysia, the United Arab Emirates, Nepal, Indonesia, India, Pakistan, Saudi Arabia and Kazakhstan, which together accounted for a further 25%.

Among the main importing countries, India, with a CAGR of +25.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, dropping by -9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 when the import price increased by 25%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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