China: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in China

In 2021, after two years of growth, there was significant decline in the Chinese motorcycle and bicycle market, when its value decreased by -69.3% to $X. In general, consumption continues to indicate a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Motorcycle And Bicycle Production in China

In value terms, motorcycle and bicycle production reached $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 83%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Motorcycle And Bicycle Exports

Exports from China

In 2021, motorcycle and bicycle exports from China soared to X units, rising by 18% compared with the previous year. Overall, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of 157%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, motorcycle and bicycle exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 48%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for motorcycle and bicycle exports from China, with a 25% share of total exports. Moreover, motorcycle and bicycle exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fourfold. Indonesia (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-2.6% per year) and Indonesia (-0.7% per year).

In value terms, the United States ($X) remains the key foreign market for motorcycles and bicycles exports from China, comprising 17% of total exports. The second position in the ranking was taken by Japan ($X), with a 4.9% share of total exports. It was followed by Mexico, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.8% per year) and Mexico (+12.4% per year).

Export Prices by Country

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, surging by 21% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.1% 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 average export price increased by 74% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into China

In 2021, the amount of motorcycles and bicycles imported into China surged to X units, rising by 33% on the previous year's figure. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 366%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, motorcycle and bicycle imports soared to $X in 2021. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 107% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Thailand (X units), Taiwan (Chinese) (X units) and Indonesia (X units) were the main suppliers of motorcycle and bicycle imports to China, with a combined 69% share of total imports. Vietnam, Japan, the Philippines and Cambodia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +134.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of motorcycles and bicycles to China, comprising 58% of total imports. The second position in the ranking was held by Japan ($X), with an 8.9% share of total imports. It was followed by Vietnam, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at +106.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+53.4% per year) and Vietnam (+113.8% per year).

Import Prices by Country

The average motorcycle and bicycle import price stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period under review, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2014 an increase of 613% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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