ASEAN: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in ASEAN

The ASEAN motorcycle and scooter market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Motorcycle And Scooter Production in ASEAN

In value terms, motorcycle and scooter production totaled $X in 2022 estimated in export price. Overall, production showed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Motorcycle And Scooter Exports

Exports in ASEAN

For the eighth consecutive year, ASEAN recorded growth in shipments abroad of motorcycles and scooters, which increased by X% to X units in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, motorcycle and scooter exports expanded slightly to $X in 2022. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Vietnam was the largest exporter of motorcycles and scooters in ASEAN, with the volume of exports recording X units, which was approx. X% of total exports in 2022. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of X%, 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 export price in ASEAN stood at $X per unit in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2021, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Motorcycle And Scooter Imports

Imports in ASEAN

In 2022, motorcycle and scooter imports in ASEAN skyrocketed to X units, surging by X% against the year before. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, motorcycle and scooter imports rose notably to $X in 2022. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The Philippines dominates imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Malaysia (X units), comprising a X% share of total imports. The following importers - Thailand (X units), Vietnam (X units) and Cambodia (X units) - together made up X% of total imports.

The Philippines was also the fastest-growing in terms of the motorcycles and scooters imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%), Cambodia (X%) and Malaysia (X%) displayed positive paces of growth. The Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Cambodia, Vietnam, Thailand and Malaysia saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported motorcycles and scooters in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In the Philippines, motorcycle and scooter imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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