Southern Asia: Motorcycle And Scooter Market 2022

Motorcycle And Scooter Market Size in Southern Asia

The South Asian motorcycle and scooter market skyrocketed to $X in 2020, rising by X% against the previous year. In general, consumption posted prominent growth. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. The level of consumption peaked in 2020 and is likely to see gradual growth in the near future.

Motorcycle And Scooter Production in Southern Asia

In value terms, motorcycle and scooter production soared to $X in 2020 estimated in export prices. Over the period under review, production recorded a strong expansion. The pace of growth appeared the most rapid in 2012 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level in 2020 and is likely to see steady growth in the near future.

Production By Country in Southern Asia

India (X units) remains the largest motorcycle and scooter producing country in Southern Asia, accounting for X% of total volume. Moreover, motorcycle and scooter production in India exceeded the figures recorded by the second-largest producer, Pakistan (X units), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume in India totaled +X%.

Motorcycle And Scooter Exports

Exports in Southern Asia

In 2020, shipments abroad of motorcycles and scooters decreased by -X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, motorcycle and scooter exports shrank to $X in 2020. Overall, exports, however, saw a resilient increase. The growth pace was the most rapid in 2008 when exports increased by X% y-o-y. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X units), together amounting to X% of total export.

India was also the fastest-growing in terms of the motorcycles and scooters exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest motorcycle and scooter supplier in Southern Asia.

In India, motorcycle and scooter exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

The motorcycle and scooter export price in Southern Asia stood at $X per unit in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, export price attained the peak level of $X per unit. from 2012 to 2020, the growth in terms of the export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2007 to 2020, the rate of growth in terms of prices for India amounted to +X% per year.

Motorcycle And Scooter Imports

Imports in Southern Asia

In 2020, supplies from abroad of motorcycles and scooters decreased by -X% to X units, falling for the second year in a row after three years of growth. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, motorcycle and scooter imports reduced markedly to $X in 2020. Overall, imports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Nepal (X units) represented the key importer of motorcycles and scooters, generating X% of total imports. Bangladesh (X units) ranks second in terms of the total imports with a X% share, followed by Pakistan (X%) and Sri Lanka (X%).

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal, while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Nepal ($X), Bangladesh ($X) and Pakistan ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

Among the main importing countries, Nepal recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The motorcycle and scooter import price in Southern Asia stood at $X per unit in 2020, rising by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the import price increased by X% year-to-year. The level of import peaked in 2020 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Bangladesh ($X per unit) and Sri Lanka ($X per unit), while Pakistan ($X per unit) and Nepal ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform