Thailand: Market for Cycles with Auxiliary Motors and Side Cars 2025

Market Size for Cycles with Auxiliary Motors and Side Cars in Thailand

After two years of growth, the Thai market for cycles with auxiliary motors and side cars decreased by -18% to $X in 2021. In general, consumption, however, posted a significant increase. Consumption of peaked at $X in 2020, and then reduced sharply in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in Thailand

In value terms, production of cycles with auxiliary motors and side cars reduced to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 277% against the previous year. Production of peaked at $X in 2020, and then contracted in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports from Thailand

Exports of cycles with auxiliary motors and side cars from Thailand soared to X units in 2021, jumping by 210% compared with the previous year's figure. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cycles with auxiliary motors and side cars surged to $X in 2021. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X units), the Netherlands (X units) and the United States (X units) were the main destinations of exports of cycles with auxiliary motors and side cars from Thailand, together comprising 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +198.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and the Netherlands ($X) were the largest markets for cycle with auxiliary motor and side car exported from Thailand worldwide, together accounting for 79% of total exports. Canada, Italy, Denmark, Germany and Australia lagged somewhat behind, together accounting for a further 15%.

In terms of the main countries of destination, Italy, with a CAGR of +147.8%, recorded 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

The average export price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, with a decrease of -9.2% against the previous year. Overall, the export price faced a abrupt setback. The growth pace was the most rapid in 2017 an increase of 49%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Italy ($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 Denmark (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Cycles with Auxiliary Motors and Side Cars

Imports into Thailand

In 2021, overseas purchases of cycles with auxiliary motors and side cars increased by 71% to X units, rising for the fourth consecutive year after two years of decline. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 308% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of cycles with auxiliary motors and side cars rose slightly to $X in 2021. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 108%. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of cycle with auxiliary motor and side car to Thailand, accounting for a 100% share of total imports. It was followed by the United States (X units), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +39.3%.

In value terms, China ($X) constituted the largest supplier of cycles with auxiliary motors and side cars to Thailand, comprising 97% of total imports. The second position in the ranking was held by the United States ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +54.2%.

Import Prices by Country

The average import price for cycles with auxiliary motors and side cars stood at $X per unit in 2021, which is down by -40.4% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.7%).

Source: IndexBox Platform

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