Asia: Market for Motorcycles and Cycles With an Auxiliary Motor 2024

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

In 2021, the Asian market for motorcycles and cycles with an auxiliary motor decreased by -14.1% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption continues to indicate a slight descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Asia

In value terms, production of motorcycles and cycles with an auxiliary motor fell to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by 31%. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in Asia

In 2021, shipments abroad of motorcycles and cycles with an auxiliary motor increased by 13% to X units, rising for the fifth consecutive year after four years of decline. In general, exports, however, saw a slight setback. The pace of growth appeared the most rapid in 2017 with an increase of 19%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Overall, exports, however, recorded a pronounced contraction. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the main exporter of motorcycles and cycles with an auxiliary motor in Asia, with the volume of exports reaching X units, which was near 82% of total exports in 2021. It was distantly followed by Japan (X units), generating a 12% share of total exports. Thailand (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and cycles with an auxiliary motor. At the same time, Thailand (+30.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +30.6% from 2012-2021. By contrast, Japan (-4.2%) illustrated a downward trend over the same period. China (+6.6 p.p.) and Thailand (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -3.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier in Asia, comprising 78% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to -1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-3.1% per year) and Thailand (+19.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, surging by 6.8% against the previous year. Overall, the export price, however, showed a mild curtailment. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in Asia

In 2021, approx. X units of motorcycles and cycles with an auxiliary motor were imported in Asia; therefore, remained relatively stable against the previous year's figure. Over the period under review, imports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 14%. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor declined slightly to $X in 2021. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 5.3%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Cambodia (X units) and Myanmar (X units) represented the key importers of motorcycles and cycles with an auxiliary motor in 2021, recording approx. 27% and 23% of total imports, respectively. The United Arab Emirates (X units) ranks next in terms of the total imports with a 15% share, followed by Iraq (11%) and Japan (5.8%). Thailand (X units) and the Philippines (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycles and cycles with an auxiliary motor importing markets in Asia were Japan ($X), Myanmar ($X) and the United Arab Emirates ($X), together comprising 60% of total imports.

Myanmar, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, with a decrease of -3.6% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2014 when the import price increased by 4.3%. As a result, import price reached 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 Japan ($X per unit), while Cambodia ($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 more modest paces of growth.

Source: IndexBox Platform

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