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

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

The Pakistani market for motorcycles and cycles with an auxiliary motor declined to $X in 2021, waning by -14.4% against the previous year. Over the period under review, consumption recorded a noticeable contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Pakistan

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 perceptible shrinkage. The pace of growth was the most pronounced in 2020 when the production volume increased by 39%. 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 Pakistan

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor decreased by 0% to X units, falling for the second year in a row after two years of growth. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 67%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of motorcycles and cycles with an auxiliary motor soared to $X in 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 36%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Mozambique (X units), Afghanistan (X units) and the United States (X units) were the main destinations of exports of motorcycles and cycles with an auxiliary motor from Pakistan, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +15.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycles and cycles with an auxiliary motor exported from Pakistan were Mozambique ($X), Afghanistan ($X) and the United States ($X), together accounting for 69% of total exports.

The United States, with a CAGR of +9.7%, saw the highest growth rate of 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

The average export price for motorcycles and cycles with an auxiliary motor stood at $X per unit in 2021, with an increase of 35% against the previous year. In general, the export price, however, saw a slight descent. The pace of growth was the most pronounced in 2017 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to the Netherlands ($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 the United States (+13.5%), 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 Pakistan

In 2021, imports of motorcycles and cycles with an auxiliary motor into Pakistan fell remarkably to X units, with a decrease of -63.4% against the year before. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 978%. Over the period under review, imports of hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor declined modestly to $X in 2021. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when imports increased by 750%. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Thailand (X units) and the UK (X units) were the main suppliers of imports of motorcycles and cycles with an auxiliary motor to Pakistan, with a combined 73% share of total imports. These countries were followed by Canada, China, South Korea and Singapore, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of motorcycles and cycles with an auxiliary motor to Pakistan, comprising 69% of total imports. The second position in the ranking was taken by the UK ($X), with a 9.4% share of total imports. It was followed by Thailand, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-10.3% per year) and Thailand (+2.5% 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, surging by 164% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. 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 origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for the Netherlands ($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 (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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