Philippines: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in the Philippines

After two years of growth, the Philippine motorcycle and scooter market decreased by -X% to $X in 2020. Over the period under review, consumption, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2019, and then fell markedly in the following year.

Motorcycle And Scooter Exports

Exports from the Philippines

In 2020, overseas shipments of motorcycles and scooters increased by X% to X units, rising for the fifth year in a row after two years of decline. In general, exports recorded a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the immediate term.

In value terms, motorcycle and scooter exports expanded notably to $X in 2020. Over the period under review, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

Exports by Country

China (X units) was the main destination for motorcycle and scooter exports from the Philippines, accounting for a X% share of total exports. Moreover, motorcycle and scooter exports to China exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. Australia (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+X% per year) and Australia (+X% per year).

In value terms, China ($X) remains the key foreign market for motorcycle and scooter exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average motorcycle and scooter export price stood at $X per unit in 2020, declining by -X% against the previous year. In general, the export price, however, showed a resilient expansion. The growth pace was the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Colombia ($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 Thailand, while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into the Philippines

In 2020, imports of motorcycles and scooters into the Philippines fell remarkably to X units, shrinking by -X% compared with 2019 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, motorcycle and scooter imports contracted notably to $X in 2020. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2019, and then fell significantly in the following year.

Imports by Country

In 2020, Indonesia (X units) constituted the largest supplier of motorcycle and scooter to the Philippines, with a X% share of total imports. Moreover, motorcycle and scooter imports from Indonesia exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Indonesia amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Thailand (+X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of motorcycle and scooter to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the average motorcycle and scooter import price amounted to $X per unit, growing by X% against the previous year. In general, the import price recorded a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform