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

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

In 2021, after two years of growth, there was decline in the Malaysian market for motorcycles and cycles with an auxiliary motor, when its value decreased by -2.6% to $X. Overall, consumption, however, showed a noticeable 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 Malaysia

In value terms, production of motorcycles and cycles with an auxiliary motor shrank to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by 46%. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports from Malaysia

In 2021, exports of motorcycles and cycles with an auxiliary motor from Malaysia shrank rapidly to X units, which is down by -27% compared with 2020 figures. Over the period under review, exports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,813%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor dropped rapidly to $X in 2021. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,607%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for exports of motorcycles and cycles with an auxiliary motor from Malaysia, accounting for a 87% share of total exports. Moreover, exports of motorcycles and cycles with an auxiliary motor to Vietnam exceeded the volume sent to the second major destination, Nigeria (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Vietnam totaled +4,833.3%.

In value terms, Vietnam ($X) emerged as the key foreign market for motorcycles and cycles with an auxiliary motor exports from Malaysia, comprising 79% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +4,997.2%.

Export Prices by Country

In 2021, the average export price for motorcycles and cycles with an auxiliary motor amounted to $X per unit, declining by -34.8% against the previous year. In general, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2019 when the average export price increased by 81%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then dropped notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Vietnam stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.1%), 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 Malaysia

In 2021, supplies from abroad of motorcycles and cycles with an auxiliary motor increased by 462% to X units, rising for the second consecutive year after two years of decline. In general, imports saw a significant increase. Over the period under review, imports of reached the maximum at X units in 2017; however, from 2018 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 showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 232%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest motorcycles and cycles with an auxiliary motor supplier to Malaysia, with a 87% share of total imports. Moreover, imports of motorcycles and cycles with an auxiliary motor from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+49.5% per year) and Japan (+27.2% per year).

In value terms, China ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Malaysia, comprising 78% of total imports. The second position in the ranking was taken by Singapore ($X), with an 8.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+34.0% per year) and Japan (+24.9% 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, declining by -55.1% against the previous year. In general, the import price recorded a abrupt decline. The growth pace was the most rapid in 2018 when the average import price increased by 275%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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