Asia: Market for Cycles with Auxiliary Motors and Side Cars 2022

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

In 2021, the Asian market for cycles with auxiliary motors and side cars decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a significant increase. The level of consumption peaked at $X in 2020, and then dropped modestly in the following year.

Production of Cycles with Auxiliary Motors and Side Cars in Asia

In value terms, production of cycles with auxiliary motors and side cars fell to $X in 2021 estimated in export price. Overall, production continues to indicate significant growth. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Exports of Cycles with Auxiliary Motors and Side Cars

Exports in Asia

For the tenth year in a row, Asia recorded growth in shipments abroad of cycles with auxiliary motors and side cars, which increased by X% to X units in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain 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 recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

China prevails in cars structure, resulting at X units, which was near X% of total exports in 2021. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cycle with auxiliary motor and side car exports from China stood at +X%. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. While the share of Taiwan (Chinese) (+X p.p.) and China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cycle with auxiliary motor and side car supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, exports of cycles with auxiliary motors and side cars expanded at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure 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 amongst the major exporting countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while China stood at $X per unit.

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

Imports of Cycles with Auxiliary Motors and Side Cars

Imports in Asia

Imports of cycles with auxiliary motors and side cars skyrocketed to X units in 2021, picking up by X% compared with 2020. Over the period under review, imports saw a buoyant increase. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of cycles with auxiliary motors and side cars surged to $X in 2021. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X units), distantly followed by Japan (X units), Hong Kong SAR (X units), South Korea (X units), the United Arab Emirates (X units), Vietnam (X units), Kazakhstan (X units) and India (X units) were the largest importers of cycles with auxiliary motors and side cars, together constituting X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to cycle with auxiliary motor and side car imports into the Philippines stood at -X%. At the same time, Kazakhstan (+X%), India (+X%), Vietnam (+X%), Hong Kong SAR (+X%), South Korea (+X%), Japan (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. From 2012 to 2021, the share of Hong Kong SAR, Japan, South Korea, Kazakhstan, Vietnam and India increased by +X, +X, +X, +X, +X and +X percentage points, respectively. The Philippines (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined X% share of total imports. These countries were followed by Hong Kong SAR, Vietnam, India, the United Arab Emirates and Kazakhstan, which together accounted for a further X the main importing countries, Kazakhstan, with a CAGR of +X%, saw the highest growth rate of 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, waning by -X% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while Kazakhstan ($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 Philippines (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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