Sri Lanka - Motorcycles and Scooters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMotorcycle and Scooter Price in Sri Lanka - 2021
Contents:
- Motorcycle and Scooter Price in Sri Lanka (CIF) - 2022
- Motorcycle and Scooter Price in Sri Lanka (FOB) - 2022
- Motorcycle and Scooter Imports in Sri Lanka
- Motorcycle and Scooter Exports in Sri Lanka
Motorcycle and Scooter Price in Sri Lanka (CIF) - 2022
The average motorcycle and scooter import price stood at $2,987 per unit in 2022, growing by 288% against the previous year. Over the period under review, the import price saw a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($3,113 per unit), while the price for China ($355 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle and Scooter Price in Sri Lanka (FOB) - 2022
The average motorcycle and scooter export price stood at $1,205 per unit in 2022, shrinking by -29.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 133%. The export price peaked at $3,011 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,313 per unit), while the average price for exports to Malaysia ($188 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 Japan (+0.6%), while the prices for the other major destinations experienced a decline.
Motorcycle and Scooter Imports in Sri Lanka
For the third year in a row, Sri Lanka recorded decline in overseas purchases of motorcycles and scooters, which decreased by -98.8% to 781 units in 2022. Overall, imports showed a sharp shrinkage. The smallest decline of -7.1% was in 2021. Imports peaked at 260K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, motorcycle and scooter imports declined dramatically to $2.3M in 2022. Over the period under review, imports showed a significant curtailment. The smallest decline of -4.9% was in 2021. Imports peaked at $199M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Motorcycle and Scooter in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.2 | 0.9 | 2.4 | 2.3 | 1.5% |
| India | 195 | 47.7 | 45.2 | N/A | -51.9% |
| China | 0.8 | 1.1 | 0.1 | N/A | -64.6% |
| Others | 1.2 | 1.8 | 1.3 | N/A | 4.1% |
| Total | 199 | 51.4 | 48.9 | 2.3 | -77.4% |
Top Suppliers of Motorcycle and Scooter to Sri Lanka in 2022:
- Japan (731.0 units)
- China (22.0 units)
- India (5.0 units)
Motorcycle and Scooter Exports in Sri Lanka
Motorcycle and scooter exports from Sri Lanka surged to 97 units in 2022, increasing by 149% against 2021. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle and scooter exports surged to $117K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle and Scooter in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.7 | 52.9 | 35.0 | 113 | 76.1% |
| Malaysia | 0.1 | 0.8 | 0.3 | 1.5 | 146.6% |
| Maldives | 10.3 | 7.3 | 8.0 | 0.3 | -69.2% |
| Australia | N/A | 0.9 | 13.0 | N/A | 1344.4% |
| Others | 9.7 | 4.3 | 10.4 | 2.1 | -40.0% |
| Total | 40.7 | 66.3 | 66.7 | 117 | 42.2% |
Top Export Markets for Motorcycle and Scooter from Sri Lanka in 2022:
- Japan (86.0 units)
- Malaysia (8.0 units)
- Maldives (1.0 units)
This report provides an in-depth analysis of the motorcycle and scooter market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 30911200 - Motorcycles with reciprocating internal combustion piston engine > .50 cm.
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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