Eastern Asia: Market for Motorcycles and Cycles With an Auxiliary Motor 2025

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

The East Asian market for motorcycles and cycles with an auxiliary motor reduced notably to $X in 2021, shrinking by -39.7% against the previous year. Overall, consumption saw a deep slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in Eastern Asia

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 contraction. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, production of hit record highs 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 Eastern Asia

Exports of motorcycles and cycles with an auxiliary motor expanded markedly to X units in 2021, with an increase of 13% against the previous year. Over the period under review, exports, however, saw a slight downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 21% 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 remained at a lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. In general, exports, however, continue to indicate a pronounced downturn. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporter of motorcycles and cycles with an auxiliary motor in Eastern Asia, with the volume of exports recording X units, which was approx. 86% of total exports in 2021. It was distantly followed by Japan (X units), generating a 13% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and cycles with an auxiliary motor. Japan (-4.2%) illustrated a downward trend over the same period. While the share of China (+8.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-3.4 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was held by Japan ($X), with a 12% share of total exports.

In China, exports of motorcycles and cycles with an auxiliary motor contracted by an average annual rate of -1.6% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, picking up by 9.8% against the previous year. Overall, the export price, however, showed a mild slump. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.2%).

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in Eastern Asia

In 2021, overseas purchases of motorcycles and cycles with an auxiliary motor increased by 6% to X units, rising for the second year in a row after five years of decline. Overall, imports, however, continue to indicate a sharp descent. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Over the period under review, imports, however, recorded a precipitous decrease. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan prevails in motor structure, recording X units, which was near 91% of total imports in 2021. Taiwan (Chinese) (X units), South Korea (X units) and China (X units) took a minor share of total imports.

Imports into Japan decreased at an average annual rate of -25.1% from 2012 to 2021. At the same time, Taiwan (Chinese) (+16.5%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +16.5% from 2012-2021. By contrast, China (-21.2%) and South Korea (-30.9%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+3.7 p.p.) and Japan (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Korea (-1.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported motorcycles and cycles with an auxiliary motor in Eastern Asia, comprising 95% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 3.4% share of total imports. It was followed by South Korea, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled -23.3%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+17.5% per year) and South Korea (-33.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, with an increase of 10% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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