Thailand: Motorcycle And Bicycle Market 2025

Motorcycle And Bicycle Market Size in Thailand

In 2021, the Thai motorcycle and bicycle market decreased by -2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Motorcycle and bicycle consumption peaked at $X in 2020, and then shrank slightly in the following year.

Motorcycle And Bicycle Production in Thailand

In value terms, motorcycle and bicycle production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 61%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Motorcycle And Bicycle Exports

Exports from Thailand

In 2021, shipments abroad of motorcycles and bicycles increased by 29% to X units, rising for the third consecutive year after six years of decline. In general, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 60% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports skyrocketed to $X in 2021. Over the period under review, exports saw a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Myanmar (X units), the UK (X units) and the United States (X units) were the main destinations of motorcycle and bicycle exports from Thailand, with a combined 44% share of total exports. These countries were followed by Japan, China, Cambodia, Germany, Iran, the Netherlands, Brazil, Vietnam, the Philippines and Denmark, which together accounted for a further 49%.

From 2012 to 2021, the biggest increases were recorded for Iran (with a CAGR of +48.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycle and bicycle exported from Thailand were China ($X), the United States ($X) and the UK ($X), together accounting for 44% of total exports.

China, with a CAGR of +89.7%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average motorcycle and bicycle export price amounted to $X per unit, surging by 13% against the previous year. In general, the export price recorded a resilient expansion. The growth pace was the most rapid in 2017 an increase of 38%. Over the period under review, the average export prices reached the peak figure 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 for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Myanmar ($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 China (+29.6%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports into Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of motorcycles and bicycles, which increased by 8% to X units in 2021. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 2,445%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, motorcycle and bicycle imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +12.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 46% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main motorcycle and bicycle supplier to Thailand, with a 90% share of total imports. Moreover, motorcycle and bicycle imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), tenfold. The third position in this ranking was taken by Japan (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-2.3% per year) and Japan (+8.7% per year).

In value terms, Indonesia ($X), Vietnam ($X) and China ($X) were the largest motorcycle and bicycle suppliers to Thailand, together accounting for 87% of total imports.

Among the main suppliers, Indonesia, with a CAGR of +25.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average motorcycle and bicycle import price amounted to $X per unit, picking up by 21% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 2,296%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for China ($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 (+18.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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