South-Eastern Asia: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in South-Eastern Asia

For the fourth year in a row, the Southeast Asian motorcycle and bicycle market recorded growth in sales value, which increased by 1.9% to $X in 2021. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.6% against 2017 indices. The level of consumption peaked in 2021 and is likely to continue growth in the near future.

Motorcycle And Bicycle Production in South-Eastern Asia

In value terms, motorcycle and bicycle production shrank to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +26.4% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Motorcycle And Bicycle Exports

Exports in South-Eastern Asia

After two years of growth, shipments abroad of motorcycles and bicycles decreased by -11.6% to X units in 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 69%. As a result, the exports attained the peak of X units, and then reduced in the following year.

In value terms, motorcycle and bicycle exports surged to $X in 2021. Overall, exports, however, continue to indicate resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Cambodia (X units), distantly followed by Indonesia (X units), the Philippines (X units), Thailand (X units) and Vietnam (X units) represented the key exporters of motorcycles and bicycles, together generating 95% of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +148.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 88% of total exports. Cambodia, the Philippines and Singapore lagged somewhat behind, together accounting for a further 12%.

Among the main exporting countries, the Philippines, with a CAGR of +83.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, increasing by 49% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, motorcycle and bicycle export price decreased by -5.0% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 76% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+14.9%), while the other leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports in South-Eastern Asia

Motorcycle and bicycle imports soared to X units in 2021, with an increase of 43% against the previous year. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports soared to $X in 2021. Over the period under review, imports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Philippines (X units) was the main importer of motorcycles and bicycles, generating 48% of total imports. Malaysia (X units) took the second position in the ranking, followed by Vietnam (X units), Thailand (X units), Indonesia (X units) and Singapore (X units). All these countries together held near 47% share of total imports. Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to motorcycle and bicycle imports into the Philippines stood at +20.3%. At the same time, Vietnam (+25.3%), Thailand (+21.1%), Singapore (+12.3%), Indonesia (+6.0%) and Malaysia (+2.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +25.3% from 2012-2021. By contrast, Myanmar (-5.4%) illustrated a downward trend over the same period. While the share of the Philippines (+23 p.p.), Vietnam (+7.6 p.p.) and Thailand (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-4.1 p.p.), Myanmar (-12.6 p.p.) and Malaysia (-16.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported motorcycles and bicycles in South-Eastern Asia, comprising 49% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines amounted to +24.6%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+17.8% per year) and Thailand (+12.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, which is down by -14.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 103%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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