Asia: Market for Motorcycles and Cycles With an Auxiliary Motor 2022

Market Size for Motorcycles and Cycles With an Auxiliary Motor in Asia

The Asian market for motorcycles and cycles with an auxiliary motor contracted notably to $X in 2021, with a decrease of -18.2% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Motorcycles and Cycles With an Auxiliary Motor in Asia

In value terms, production of motorcycles and cycles with an auxiliary motor dropped to $X in 2021 estimated in export price. In general, production recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Motorcycles and Cycles With an Auxiliary Motor

Exports in Asia

In 2021, overseas shipments of motorcycles and cycles with an auxiliary motor increased by 7% to X units, rising for the fifth year in a row after four years of decline. In general, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of motorcycles and cycles with an auxiliary motor surged to $X in 2021. Over the period under review, exports, however, showed a perceptible descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the major exporting country with an export of around X units, which reached 83% of total exports. It was distantly followed by Japan (X units), constituting an 11% share of total exports. The following exporters - Thailand (X units) and Taiwan (Chinese) (X units) - each finished at a 3.8% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of motorcycles and cycles with an auxiliary motor. At the same time, Thailand (+27.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +27.5% from 2012-2021. By contrast, Japan (-5.6%) and Taiwan (Chinese) (-20.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and Thailand increased by +12 and +2 percentage points, respectively. Japan (-4 p.p.) and Taiwan (Chinese) (-8 p.p.) saw their shares reduced.

In value terms, China ($X) remains the largest motorcycles and cycles with an auxiliary motor supplier in Asia, comprising 78% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by Thailand, with a 3.7% share.

In China, exports of motorcycles and cycles with an auxiliary motor decreased by an average annual rate of -1.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-3.1% per year) and Thailand (+19.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, increasing by 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 14%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Motorcycles and Cycles With an Auxiliary Motor

Imports in Asia

In 2021, approx. X units of motorcycles and cycles with an auxiliary motor were imported in Asia; with a decrease of -19.5% compared with the previous year. Overall, imports showed a deep setback. The growth pace was the most rapid in 2020 when imports increased by 27%. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of motorcycles and cycles with an auxiliary motor declined rapidly to $X in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Iraq (X units), distantly followed by Myanmar (X units), the Philippines (X units), Japan (X units), the United Arab Emirates (X units) and Cambodia (X units) represented the major importers of motorcycles and cycles with an auxiliary motor, together making up 85% of total imports. Iran (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +76.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycles and cycles with an auxiliary motor importing markets in Asia were Japan ($X), Iraq ($X) and Myanmar ($X), with a combined 56% share of total imports. These countries were followed by the United Arab Emirates, Cambodia, the Philippines and Iran, which together accounted for a further 22%.

Among the main importing countries, the Philippines, with a CAGR of +49.8%, saw the highest rates of growth with regard to 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 import price in Asia amounted to $X per unit, with a decrease of -30% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 15% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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