Hong Kong SAR, China: Motorcycle And Scooter Market 2024

Motorcycle And Scooter Market Size in Hong Kong SAR, China

The Hong Kong motorcycle and scooter market contracted to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Motorcycle And Scooter Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of motorcycles and scooters increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorcycle and scooter exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for motorcycle and scooter exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, motorcycle and scooter exports to Mexico exceeded the volume sent to the second major destination, Macao SAR (X units), twofold. The third position in this ranking was held by Singapore (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Singapore (X% per year).

In value terms, Macao SAR ($X), Mexico ($X) and Singapore ($X) were the largest markets for motorcycle and scooter exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average motorcycle and scooter export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, showed a slight curtailment. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Ghana ($X 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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle And Scooter Imports

Imports into Hong Kong SAR, China

In 2022, the amount of motorcycles and scooters imported into Hong Kong SAR shrank to X units, with a decrease of X% against the year before. Overall, imports saw a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, motorcycle and scooter imports shrank to $X in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of motorcycle and scooter imports to Hong Kong SAR, together accounting for X% of total imports. Thailand, Vietnam, India, Indonesia and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and scooter suppliers to Hong Kong SAR were Japan ($X), Taiwan (Chinese) ($X) and China ($X), with a combined X% share of total imports. Thailand, Vietnam, India, the United States and Indonesia lagged somewhat behind, together accounting for a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motorcycle and scooter import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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