South-Eastern Asia: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in South-Eastern Asia

The Southeast Asian motorcycle, scooter and side-car market skyrocketed to $X in 2022, rising by X% against the previous year. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Motorcycles, Scooters and Side-Cars in South-Eastern Asia

In value terms, motorcycle, scooter and side-car production expanded remarkably to $X in 2022 estimated in export price. The total production indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports in South-Eastern Asia

After seven years of growth, overseas shipments of motorcycles, scooters and side-cars decreased by X% to X units in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The volume of export peaked at X units in 2021, and then dropped in the following year.

In value terms, motorcycle, scooter and side-car exports shrank to $X in 2022. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2021, and then shrank slightly in the following year.

Exports by Country

In 2022, Thailand (X units), Vietnam (X units) and Indonesia (X units) represented the largest exporter of motorcycles, scooters and side-cars in South-Eastern Asia, generating X% of total export. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Cambodia lagged somewhat behind, accounting for a further X%.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, saw the highest growth rate of 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

The export price in South-Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Motorcycles, Scooters and Side-Cars

Imports in South-Eastern Asia

In 2022, overseas purchases of motorcycles, scooters and side-cars increased by X% to X units, rising for the third year in a row after three years of decline. In general, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, motorcycle, scooter and side-car imports stood at $X in 2022. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

The Philippines prevails in imports structure, reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Vietnam (X units) and Thailand (X units), together comprising a X% share of total imports. Malaysia (X units) and Cambodia (X units) took a little share of total imports.

Imports into the Philippines increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%), Cambodia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the Philippines, motorcycle, scooter and side-car imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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