Asia: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in Asia

The Asian motorcycle and scooter market stood at $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2020 and is likely to continue growth in the immediate term.

Motorcycle And Scooter Production in Asia

In value terms, motorcycle and scooter production rose notably to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the near future.

Production By Country in Asia

The countries with the highest volumes of motorcycle and scooter production in 2020 were India (X units), China (X units) and Vietnam (X units), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in India, while motorcycle and scooter production for the other leaders experienced more modest paces of growth.

Motorcycle And Scooter Exports

Exports in Asia

In 2020, shipments abroad of motorcycles and scooters decreased by -X% to X units, falling for the second consecutive year after two years of growth. Total exports indicated a resilient increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X units in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, motorcycle and scooter exports fell slightly to $X in 2020. The total export value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

China represented the key exporter of motorcycles and scooters in Asia, with the volume of exports finishing at X units, which was approx. X% of total exports in 2020. India (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Vietnam (X%). Indonesia (X units), Thailand (X units), Japan (X units) and Taiwan (Chinese) (X units) occupied a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to motorcycle and scooter exports from China stood at +X%. At the same time, Vietnam (+X%), India (+X%), Indonesia (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India, Vietnam and Indonesia increased by +X%, +X% and +X% percentage points, while Taiwan (Chinese) (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle and scooter supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, motorcycle and scooter exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Thailand (+X% per year).

Export Prices by Country

The motorcycle and scooter export price in Asia stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the export price, however, recorded a perceptible decrease. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. The level of export peaked at $X per unit in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports in Asia

In 2020, purchases abroad of motorcycles and scooters decreased by -X% to X units, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, showed a notable increase. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. As a result, imports reached the peak of X units. from 2019 to 2020, the growth imports remained at a lower figure.

In value terms, motorcycle and scooter imports shrank to $X in 2020. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019, and then shrank in the following year.

Imports by Country

The purchases of the twelve major importers of motorcycles and scooters, namely Iraq, the Philippines, Vietnam, Nepal, Myanmar, Japan, South Korea, Bangladesh, Thailand, China, Yemen and Malaysia, represented more than two-thirds of total import. Pakistan (X units) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of total imports.

In terms of the main importing countries, China saw the highest rates of growth with regard to 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 motorcycle and scooter import price in Asia stood at $X per unit in 2020, surging by X% against the previous year. Import price indicated a resilient expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, motorcycle and scooter import price increased by +X% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform