Thailand: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Thailand

The Thai motorcycle, scooter and side-car market rose markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Motorcycles, Scooters and Side-Cars in Thailand

In value terms, motorcycle, scooter and side-car production expanded sharply to $X in 2022 estimated in export price. In general, production, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports from Thailand

In 2022, after four years of growth, there was significant decline in shipments abroad of motorcycles, scooters and side-cars, when their volume decreased by X% to X units. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, motorcycle, scooter and side-car exports expanded modestly to $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), China (X units) and Japan (X units) were the main destinations of motorcycle, scooter and side-car exports from Thailand, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for motorcycle, scooter and side-car exported from Thailand were Belgium ($X), China ($X) and the United States ($X), with a combined X% share of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average motorcycle, scooter and side-car export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motorcycles, Scooters and Side-Cars

Imports into Thailand

In 2022, motorcycle, scooter and side-car imports into Thailand soared to X units, jumping by X% on 2021. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, motorcycle, scooter and side-car imports rose significantly to $X in 2022. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Vietnam (X units) and Indonesia (X units) were the main suppliers of motorcycle, scooter and side-car imports to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle, scooter and side-car suppliers to Thailand were Vietnam ($X), Indonesia ($X) and Japan ($X), together comprising X% of total imports. China and the United States lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motorcycle, scooter and side-car import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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