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

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

In 2021, the Japanese market for motorcycles and cycles with an auxiliary motor increased by 50% to $X, rising for the fourth year in a row after five years of decline. Over the period under review, consumption, however, showed a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Motorcycles and Cycles With an Auxiliary Motor in Japan

In value terms, production of motorcycles and cycles with an auxiliary motor totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Japan

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor decreased by -18.8% to X units, falling for the third consecutive year after two years of growth. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 7.5%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor amounted to $X in 2021. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 8.2% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X units), Nigeria (X units) and Russia (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from Japan, together comprising 46% of total exports. These countries were followed by Cambodia, the Dominican Republic, the United States, Saudi Arabia, France, Kazakhstan, Australia, Hong Kong SAR, Iraq and Lebanon, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Kazakhstan (with a CAGR of +22.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for motorcycles and cycles with an auxiliary motor exports from Japan, comprising 32% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 8.5% share of total exports. It was followed by Cambodia, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-3.2% per year) and Cambodia (-3.1% per year).

Export Prices by Country

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, surging by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export 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 suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Saudi Arabia ($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 Hong Kong SAR (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports into Japan

In 2021, overseas purchases of motorcycles and cycles with an auxiliary motor increased by 19% to X units, rising for the second consecutive year after five years of decline. In general, imports, however, saw a dramatic downturn. Imports peaked 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, faced a significant contraction. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Japan, accounting for a 64% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-30.3% per year) and the United Arab Emirates (+173.2% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Japan, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-30.3% per year) and the United Arab Emirates (+132.7% per year).

Import Prices by Country

The average import price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, growing by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2020 an increase of 7.9% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while the price for the United Arab Emirates ($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 (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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