Eastern Asia: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Eastern Asia

In 2021, the East Asian motorcycle and bicycle market decreased by -51% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption saw a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced notably in the following year.

Motorcycle And Bicycle Production in Eastern Asia

In value terms, motorcycle and bicycle production contracted slightly to $X in 2021 estimated in export price. Overall, production showed a mild downturn. The growth pace was the most rapid in 2014 with an increase of 63%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Motorcycle And Bicycle Exports

Exports in Eastern Asia

In 2021, shipments abroad of motorcycles and bicycles increased by 17% to X units, rising for the fourth year in a row after two years of decline. Total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% 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 +72.2% against 2017 indices. The pace of growth appeared the most rapid in 2015 with an increase of 127%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, motorcycle and bicycle exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% 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 +96.4% 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, finishing at X units, which was near 94% of total exports in 2021. The following exporters - Japan (X units) and Taiwan (Chinese) (X units) - each reached a 6% share of total exports.

China was also the fastest-growing in terms of the motorcycles and bicycles exports, with a CAGR of +4.8% from 2012 to 2021. Japan experienced a relatively flat trend pattern. Taiwan (Chinese) (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +8.6 percentage points.

In value terms, China ($X) remains the largest motorcycle and bicycle supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total exports.

In China, motorcycle and bicycle exports increased at an average annual rate of +8.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.3% per year) and Japan (-1.2% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, picking up by 18% against the previous year. Export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% 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 71%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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 mixed trends in the export price figures.

Motorcycle And Bicycle Imports

Imports in Eastern Asia

In 2021, supplies from abroad of motorcycles and bicycles decreased by -8.8% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a mild descent. The pace of growth appeared the most rapid in 2020 when imports increased by 12%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, motorcycle and bicycle imports expanded significantly to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.4% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Japan represented the largest importer of motorcycles and bicycles in Eastern Asia, with the volume of imports amounting to X units, which was near 70% of total imports in 2021. It was distantly followed by South Korea (X units) and Hong Kong SAR (X units), together mixing up a 24% share of total imports. Taiwan (Chinese) (X units) and China (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle imports into Japan stood at -2.8%. At the same time, Hong Kong SAR (+36.0%) and China (+7.5%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +36.0% from 2012-2021. By contrast, South Korea (-1.3%) and Taiwan (Chinese) (-9.8%) illustrated a downward trend over the same period. Hong Kong SAR (+8 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Japan saw its share reduced by -3.4% and -6.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycle and bicycle importing markets in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 86% share of total imports.

Among the main importing countries, China, with a CAGR of +34.4%, 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 import price in Eastern Asia stood at $X per unit in 2021, jumping by 25% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle import price increased by +87.8% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+25.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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