Eastern Asia: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in Eastern Asia

The East Asian motorcycle, scooter and side-car market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Motorcycles, Scooters and Side-Cars in Eastern Asia

In value terms, motorcycle, scooter and side-car production stood at $X in 2022 estimated in export price. In general, production posted modest growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Motorcycles, Scooters and Side-Cars

Exports in Eastern Asia

After five years of growth, shipments abroad of motorcycles, scooters and side-cars decreased by X% to X units in 2022. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell markedly in the following year.

In value terms, motorcycle, scooter and side-car exports amounted to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, finishing at X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) and Japan (X units) took a little share of total exports.

China was also the fastest-growing in terms of the motorcycles, scooters and side-cars exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle, scooter and side-car supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, motorcycle, scooter and side-car exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Imports of Motorcycles, Scooters and Side-Cars

Imports in Eastern Asia

After seven years of growth, supplies from abroad of motorcycles, scooters and side-cars decreased by X% to X units in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank markedly in the following year.

In value terms, motorcycle, scooter and side-car imports shrank slightly to $X in 2022. In general, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped slightly in the following year.

Imports by Country

Japan represented the main importer of motorcycles, scooters and side-cars in Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by South Korea (X units), China (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units), together mixing up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle, scooter and side-car imports into Japan stood at X%. At the same time, China (X%), South Korea (X%), Taiwan (Chinese) (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China and South Korea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded 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 2022, the import price in Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, saw a noticeable shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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