Hong Kong SAR, China: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in Hong Kong SAR, China

In 2020, the Hong Kong motorcycle and scooter market was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Motorcycle and scooter consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Motorcycle And Scooter Production in Hong Kong SAR, China

In value terms, motorcycle and scooter production rose significantly to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2019 to 2020, production growth remained at a somewhat lower figure.

Motorcycle And Scooter Exports

Exports from Hong Kong SAR, China

In 2020, overseas shipments of motorcycles and scooters were finally on the rise to reach X units for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, motorcycle and scooter exports dropped remarkably to $X in 2020. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X units) was the main destination for motorcycle and scooter exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, motorcycle and scooter exports to Macao SAR exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was occupied by Taiwan (Chinese) (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Macao SAR stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, the largest markets for motorcycle and scooter exported from Hong Kong SAR were Macao SAR ($X), Japan ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. The UK, Spain, Kenya, Belgium and Ghana lagged somewhat behind, together comprising a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, among 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 2020, the average motorcycle and scooter export price amounted to $X per unit, falling by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. The export price peaked at $X per unit in 2010; however, from 2011 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Ghana ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kenya, while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into Hong Kong SAR, China

Motorcycle and scooter imports into Hong Kong SAR declined modestly to X units in 2020, which is down by -X% compared with 2019. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, motorcycle and scooter imports dropped to $X in 2020. In general, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Thailand (X units) were the main suppliers of motorcycle and scooter imports to Hong Kong SAR, together accounting for X% of total imports. China, Indonesia, Vietnam and Australia lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Thailand ($X) constituted the largest motorcycle and scooter suppliers to Hong Kong SAR, together accounting for X% of total imports. These countries were followed by China, Indonesia, Vietnam and Australia, which together accounted for a further X terms of the main suppliers, Indonesia (+X% per year) recorded the highest growth rate of 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

In 2020, the average motorcycle and scooter import price amounted to $X per unit, standing approx. at the previous year. In general, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2014 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform