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

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

The Chinese market for motorcycles and cycles with an auxiliary motor plummeted to $X in 2021, shrinking by -53.4% against the previous year. Overall, consumption faced a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in China

In value terms, production of motorcycles and cycles with an auxiliary motor dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 20%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from China

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor increased by 21% to X units, rising for the fifth consecutive year after four years of decline. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, the exports of hit record highs 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 soared to $X in 2021. Overall, exports, however, saw a slight curtailment. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Morocco (X units), the United States (X units) and Mozambique (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from China, with a combined 40% share of total exports. France, Russia, Turkey, Indonesia, the Netherlands, Germany, Brazil, Belgium, Italy and Togo lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the biggest increases were recorded for Togo (with a CAGR of +115.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), France ($X) and the United States ($X) were the largest markets for motorcycles and cycles with an auxiliary motor exported from China worldwide, together comprising 41% of total exports. Mozambique, Turkey, Russia, the Netherlands, Germany, Belgium, Italy, Brazil, Togo and Indonesia lagged somewhat behind, together comprising a further 38%.

Togo, with a CAGR of +119.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, picking up by 6.8% against the previous year. In general, the export price, however, continues to indicate a slight reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 9.5% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Indonesia ($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 Netherlands (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into China

In 2021, supplies from abroad of motorcycles and cycles with an auxiliary motor was finally on the rise to reach X units for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, recorded a precipitous descent. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor soared to $X in 2021. Overall, imports, however, showed a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 114% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Thailand (X units), Hong Kong SAR (X units) and the United Arab Emirates (X units) were the main suppliers of imports of motorcycles and cycles with an auxiliary motor to China, together comprising 66% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +500.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycles and cycles with an auxiliary motor suppliers to China were the United Arab Emirates ($X), Thailand ($X) and the United States ($X), together comprising 51% of total imports.

The United Arab Emirates, with a CAGR of +617.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, dropping by -45% against the previous year. In general, the import price faced a deep setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 127%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 South Korea ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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